And Phua chalks another one up. IMO this is the first of many attacks that ASIC will have on BPG and Phua (again, IMO). This is one of the worse run companies I have ever seen. They will pay the fine - they are guilty as sin. Along with many other things. They are lucky that the fine is scaled in the act.
They will pay the fine but that won't have any bearing on re-listing whatsoever. They still have to jump over many hurdles to get re-listed - apart from being solvent! - minor detail I guess lol
As for the exchange getting up and running - I won't comment any further on their proposed date
