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30/01/18
10:33
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Originally posted by makattack
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Few posters here have reading comprehension issues. Will remain in suspension till at most the end of this week
Not sure your own comprehension is up to scratch. ASX will decide when they can resume. If report is out on Friday then it most likely won't come back till next week sometime, if ASX are satisfied with the response.
On the ASX, I really think ASX are partly to blame for these scenarios. Imo they should be vetting every announcement, and they should be enforcing criteria for reporting of financial statements. Just like in mining you can't claim resource quantities unless it is JORC compliant. I just find it ridiculous that the organisation that handles the platform and deciphers the rules allows companies to, over and over again, make questionable statements, and only bring them to cause AFTER some media piece highlights the potential issues. These situations should never get to this stage.
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I agree Makattach, but after all the ASX is a public company there to make money like any other public company so they may not want to put the resources into this massive task as it will effect their bottom line and therefore their share price, how ironic.