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yes and I believe an announcement to the market "early next...

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dmax

522 Posts.

6

09/09/17

14:56

Post #: 27106872
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Originally posted by cariad1 ↑

Can understand the frustration but lets stick to facts. There is nothing to suggest the MD resigned for anything but legitimate personal reasons. He was running a very profitable company .
The hard line approach by ASX and their referral of the case to ASIC has always suggested to me some sort of vendetta against Taurus. I have formally complained to ASIC. Due to the good efforts of Taurus and Realm I expect an announcement early nextweek that ASIC has cleared them both.
As I have previously discussed this does not necessarily mean an early resumption of trading. I still fear that Morgans was not successful in getting the share price upto a level that would allow a float of new shares at a price that would satisfy the major shareholder. I also do want my holding unreasonably diluted. We will see but I still think there is a good chance they will opt for a plan B.

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yes and I believe an announcement to the market "early next week" is the plan !

RRP Price at posting: 8.5¢ Sentiment: Hold Disclosure: Held
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