Speaking with our auditor, there are a lot of declarations and evidences a company operating in overseas markets must provide to get the final sign off.
My contact has seen some of these delayed due to coronavirus in China.. However, they should be more on top of this and flagged with the ASX and investors before suspension that there is an issue.
Gut feel is this is just poor admin in unfortunate times.. This reporting issue will not effect at all operations in China in the interim, and they do not need capital to fund this growth so will not get hamstrung on a cash flow basis by ASX suspension.
I expect they will resume with a sales announcement once they get these ducks in a row - hopefully not too many people turned away by this shambles
EHH Price at posting:
14.0¢ Sentiment: Buy Disclosure: Held
