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You seem to be confusing federal legislation with ASX listing...

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695 Posts.

451

10/06/24

21:58

Post #: 74248768
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Originally posted by Tooheys8: ↑

the legislation also states that a company must have two quarters of cash !
but how many companies meet this rule ?
plenty
why isn't the rule enforced ?
if the authorities are happy with a companies plan they will let them trade on with less than two quarters of cash .
if a company doesn't hold their agm within the rules , why are other companies still trading let alone not complying?
it's all good to come on a forum and state rules , and you raise plenty of excellent points .
but it's just not reality .
plenty of examples out there ..
fact is whatever happens they won't be allowed to trade till they are in full compliance again .
including conducting an AGM/EGM , raising the necessary funds and ticking any other boxes that are required .
it's bullshit to insinuate that will be delisted if the agm is not held in the required time frame.they are already outside the timeframe to even notify the mkt with the required minimum notice but they still exist as a public company .
dyor
don't fall for BS

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You seem to be confusing federal legislation with ASX listing rules; and ASX delisting with company closure.

BTW I've never said the company will be delisted for not complying with AGM requirements. You're being dramatic.

AKP Price at posting: $6.20 Sentiment: None Disclosure: Not Held
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