Stirling Products Limited is interesting as from my research it shows it was delisted in March of 2016 as per delisted.com.au and ASX announcement dated 23rd March 2016. What value can be attributed to shares issued in June of 2016 as part repayment of a loan by a company that was delisted some months earlier?
delisted from the commencement of trading on Wednesday, 23 March 2016, pursuant to Listing rule 17.12.
23/03/2016
1
we understand ASX can exercise its discretion to delist a company under Listing Rule 17:12 and has done so in this case because the company has failed to raise further capital and its securities have been suspended for more than three years
23/03/2016
2
The company provides a shareholder update regarding having its ordinary shares requoted on the ASX and the numerous requirements involved including raising funds under a prospectus and completing the acquisition of Mx360 Group Pty Limited before 23 March 2016.
CMY Price at posting:
0.5¢ Sentiment: None Disclosure: Held
