Pure speculation, but I think it's not a case of not allowed to talk about it, but more that they can't promote the exchange, or promote themselves as being an ASX listed crypto exchange. Its probably why they put the log-in screen up and removed all previous created accounts that were created.
I think it stems back to those two quoted rules why BPG went into suspension in the first place; Back door listing and Change in Business Activities [without SH approval].
Back door listing has gone away now SoarLabs gone away... (Hence why Noetic Synergy didn't get any % stake in BPPL/BPG subsidiary with their deal).
So IMO, last thing to lift suspension is the Change In Business Activities, which requires SH approval.
Complete guess, but I suspect;
1. BPG are happy to remain in suspension until the exchange is live/ready (no point lifting suspension without an exchange as the BPG SP would likely plummet).
2. Re-compliance vote would take min 4 weeks (would require an EGM).
3. BPG can't promote themselves as a Crypto Exchange until after the vote.
Best guess.
My concern with the above scenario is that BPG may have a difficult situation, where the vote /re-compliance finally allows BPG to promote the exchange, but also automatically lifts the BPG suspension. So we can start trading BPG with an un-marketed exchange.
Again, pure speculation as it's hard to believe they wouldn't be getting the word out, creating some/any launch hype etc...
(unless the other scenario - the exchange is still no where near ready)?!
All IMO.
Cheers
MSN
BPG Price at posting:
0.9¢ Sentiment: Hold Disclosure: Held
