"Given the Company’s current circumstances, Kalium Lakes will remain in suspension until it has a clear pathway forward for shareholders, Lenders and other stakeholders." – announcement 14-Jun-2023: Beyondie Operational and Corporate Update
Suspension is basically a statement that the future of the company is uncertain and the risks can't be determined with sufficient certainty to allow the shares to be traded.
I suggest you go back to that announcement and re-read the first section under the heading Liquidity Facility and Strategic Process. It's basically stating:
- The company has been hooked up to a financial heart/lunch machine: An initial $5 million will be provided by the Lenders (with receipt expected within the coming week) alongside commencement of a strategic process by Kalium Lakes in conjunction with the Lenders.
- The lenders could decide whether to turn the machine off any time they decide there's no hope of a financial return from operations: The remaining $5 million is available at the Lenders’ discretion and is subject to the progress of the strategic process and continued assessment by the Lenders of the plant’s current ramp up performance.
The future of this company is already effectively in the hands of the lenders.
"Given the Company’s current circumstances, Kalium Lakes will...
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