A simple read of posts on HC, or a quick look at the Company's website or their ASX listing would answer all three of your questions, so it might pay to do a little basic research before posting.
However, although it's common knowledge that QBL is in suspension at the company's request, and is likely to be so until Thursday 17th May, although we know that QBL's subsidiary MCL is in the process of effecting a strategic and significant acquisition, we have no idea what that acquisition might be.
The fact that there have been no leaks, and that there appears to be no listed ASX companies in a similar suspension, could perhaps point to the target acquisition being located overseas. If so, my first guess would be in North America, or possibly in South America, but equally it could be in Europe or Israel or Australasia.
Assuming that the target is located overseas, that could account to some extent for the delay in finalising the details of the acquisition with the ASX, because with different time zones, different legislative and stock exchange regulations in the target country, and time considerations for the physical transfer of documents, what might be a fairly rapid process when two local Australian companies are involved can stretch out by several days when the companies are located in different jurisdictions..
Often an acquisition such as Oz company A taking over Oz company B can be a straightforward transaction. However, in this case, the transaction is probably complicated by the number of parties involved. We have QBL, the parent company, plus its 55% owned subsidiary MCL, plus the holders of the other 45% of MCL, and then we have the acquisition target, so at least one other party to the transaction, and possibly more than one party at the target end.
So obtaining any additional information required by the ASX can take a few days, particularly if hard-copy documents are required.
As for your rather strange question as to whether this company will ever trade again, anybody who has made even a cursory study of QBL will be aware that the company has made enormous strides in a very short space of time in building a multi-strand vibrant company with enormous potential, a company which stands out from its Australian peers because it is already generating significant revenue.
With some degree of certainty, most of us who have been following the QBL/MCL developments believe that the much-anticipated announcement will quite possibly be the most important announcement which the company has yet made, and we are looking forward to a significant upward trajectory of the share price following release of the announcement and the resumption of trading.
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