Presumably they can never trade again and any assets are stripped by majority shareholders...I tried looking into what happened with Lanka Graphite assets after they were delisted frollowing a 24 mths suspension (incidentally, TDL/TBG CEO Jitto was CEO of Lanka graphite when they were suspended for two years and delisted....a pattern of behaviour; albeit short).
If they had a covid related product and they fkd it up (which they did for TDL/TBG holders; but presumably not Medigen, as the majority shareholder), their ethics is in the toilet; which is clearly why ASX is not going them an inch. I will lose ~$120k and while I'm annoyed at that, hopefully / the best that can come out of it is that exec of TDL/TBG are unemployable / have names of mud....indeed, that would be a bit like a previous CEO when TDL/TBG was Progen...the CEO of that was incompetent and his name was mud afterwards - I believe the best he can now do is be on the board of a tiny fertilizer company. I hope that pays poorly.
s
TDL Price at posting:
27.0¢ Sentiment: Sell Disclosure: Held
