Hard for me? Answer this one simple question. Are QBL seeking to...

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HeadKandee

90 Posts.

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18/05/18

08:54

Post #: 33180721
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Originally posted by Basileus ↑

"You want me to read and interpret what is written or try and derive some different meaning from what is actually written?"

Was that a rhetorical question because that is exactly what you have done?

Not sure why this is so hard.

1. QBL have extended their suspension under listing rule 17.2

2. QBL are having to ensure that their impending announcement re an acquisition is in accord with unspecified listing rules (we don't know which ones because they haven't told us).

3. QBL are having to make 'modifications' (their words) to the impending announcement because ASX has required them to do so.

4. QBL are seeking a legal remedy to their current malaise by consulting their "legal advisors".

This can only arise if their intended announcement was so clearly not in accord with the existing listing rules that the ASX pulled them up before releasing it to the market.

They have now gone to their legal advisors to find a legal 'remedy' for whatever issues they are facing.

My question is (particularly if you have made a "significant" acquisition) is, why did they not ask their corporate counsel to put the announcement together? Maybe they did and counsel is finding it difficult to remedy for some reason. Why do the compliance work now?

Companies normally do it before sending announcements to the ASX - not after having sent it to the ASX for release.

And when companies make acquisitions they would normally involve a relevant team of specialists and advisors to ensure a smooth passage of the process. After all, these guys aren't afraid of spending shareholders dollars!

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Hard for me? Answer this one simple question. Are QBL seeking to change rules or are QBL seeking to modify their correspondence to comply with rules?

QBL Price at posting: 4.9¢ Sentiment: Buy Disclosure: Held
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0 Great analysis

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