Ok Ashes, Im not a lawyer and I dont know the ins and outs of the legal aspects of these type of things. But, Ive been involved with the speculative end of the stock market for fifteen years and I would be surprised if they couldn't find a way to justify remaining in a th, and maybe going into voluntary suspension after that.
I could be wrong but I dont agree with that at all.
Was anything else of interest mentioned by Tony ]
From Tony - i can’t post attachments but one was the most recent announcement and the other was from an abc journalist around what our mate Vince Coulthard had to say. I’m no lawyer but I couldn’t fathom that the company would come out of a trading halt to face today’s bloodbath if they didn’t have to, remember that the vast majority of equity in this company is held by those within the company and a corner stone investor.
I’m heading to the hearing on Monday, looking forward to having several glasses of Barossa Valley Shiraz once this bullshit is put to rest.
Also agree with others that this is a good thing in that we’ve flushed out the weak as piss shareholders. Shame I’m not in a position to buy a greater position in LCK.
FYI, a quick summary of where we are at with the Injunction Application. Plus a news article on the issue that I thought was quite balanced, for a Journalist
- We will obviously defend this very strongly, alongside government, the first defendant. We are Co-Defendant.
- Court hearing yesterday, following the service of documents the night before, was adjourned until Monday 10am, SA time, to give the defendants tome to consider their position and prepare their defence.
- Our legal advice is that we are not able to extend Trading Halt.
I will keep you updated following Monday’s proceedings.
(20min delay)