My own opinion - and thats all it is, an opinion. Is that they probably got knocked back by the TGA, for whatever reason. But its unlikely to be something simple like 'you didnt mark Q5 box with an 'X'. And so they were scrambling to come up with anything positive to balance what was going to be a pretty severe hit.
If you notice the last time line, the TGA approval had been moved out and the introduction to foreign markets had come closer, so that suggests to me perhaps things weren't ticking along smoothly with the TGA previous to the announcement.
So I think they probably wanted to announce something about ongoing partnership deals, that may or may not have been finalised, with the TGA decision, to give the market a positive spin to this delay/set back. However as they were caught a little off guard, and as negotiations are still ongoing - they just were not in a position to do this before the 2 day trading halt limit.
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1 | 37250 | 0.069 |
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6 | 596917 | 0.067 |
1 | 16666 | 0.066 |
Price($) | Vol. | No. |
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0.070 | 3860 | 1 |
0.071 | 15000 | 1 |
0.072 | 237255 | 3 |
0.073 | 68521 | 2 |
0.074 | 407000 | 1 |
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Change
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