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Ann: Shareholder Update, page-105

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Gan_Gans

2,138 Posts.

575

11/11/19

15:29

Post #: 41359590
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Originally posted by HCuser3: ↑

Yes, the initial announcement was clear, it was in consultation with ASIC. This is obviously a different investigative magnitude to ASIC requesting the suspension.

What apparently was not clear after a month is the suspension trigger puller 'who' and 'why'. The company does not have an obligation to be the nice guy if there is significant evidence that the suspension reason(s) remains ambiguous and/or arbitary in nature. Unitl ASX make their initial investigative allegations specific, then there will obviously be speculation.

On the question of blame, blame for what? The company can not hold blame for the suspension if they did not initiate it, nor privy to the reasons for the suspension. At this point ASX initiated it and have not told the company or the market the actual reason.

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Judging by this announcement/action today, I have a feeling you’re about to find out the “what” - by November 15 anyway.

No doubt - the company knows what ASX/ASIC is sniffing around - they have their questions laid before them.

ISX Price at posting: $1.07 Sentiment: None Disclosure: Not Held
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