Ann: Request For Voluntary Suspension extension 7 days, page-108

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Hanno

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10/05/18

19:58

Post #: 33020710
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Originally posted by Basileus ↑

"Due to the complexities of the deal, and as a result of the nature of this acquisition and its value impact on MCL and QBL, the Board of QBL is currently in ongoing discussions and consultation with the ASX to ensure the company satisfies all the ASX Listing Rules in regards to the announcement of the significant acquisition."

A rather incomprehensible paragraph in my view. I am not sure why you would need to 'satisfy' the ASX regarding any commercial deal. Listing rules - yes. Acquisitions - not so much.

The listing rules are what they are - pass it to the company lawyers - simple.

"... and its value impact on MCL and QBL,"

The value impact?? Very hard to comprehend. Is obfuscation a familiar word for holders?

The value impact is determined according to the existing legal structure (Corps Act 2001) and it subsidiary position between MCL and QBL.

Other companies make acquisitions regularly and it has nothing whatsoever to do with the ASX. The ASX does not have a companies compliance role with respect to acquisitions - only listing rules.

There is always the possibility of information that should have been shared (non-disclosure) about QBL and MCL and has not been! Perhaps, this new announcement will, or has brought, that possibility to light? Now they might well be having to backtrack? I watch with great anticipation.

Caution required in my view - although there is nothing you can do whilst in suspension.

All speculation - entertaining nonetheless.

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‘There is always the possibility of information that should have been shared (non-disclosure) about QBL and MCL and has not been!’ The same could be said about any company’s publicly released information. Do you have anything to support this alarming assertion? ‘Speculation’ fine, baseless speculation with little to support it, not so, in my opinion.

QBL Price at posting: 4.9¢ Sentiment: Buy Disclosure: Held
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