Check the ASX listing rules for the specifics, but if a company has been in suspension from trading for a certain period of time they can't issue cleansing notices and must issue a prospectus instead. From the announcement:
On 22 January 2021, the Company requested that its Shares trading on ASX be placed into a trading halt pending an application to the Supreme Court of Western Australia in relation to the Company’s inadvertent failure to lodge cleansing notices under section 708A(5)(e) of the Corporations Act (the Application). Subsequently, on 27 January 2021 the Company requested that its Shares be placed in suspension until the Application was resolved. As a result of the suspension, the Company is presently unable to issue a cleansing notice under Section 708A(5)(e) of the Corporations Act.
AR9 Price at posting:
35.0¢ Sentiment: None Disclosure: Held
