Ann: Suspension from Official Quotation , page-85

http://www.asx.com.au/asxpdf/20090211/pdf/31g09sy51ykl00.pdf

http://www.asx.com.au/asx/research/companyInfo.do?by=asxCode&asxCode=GIP

Shows that the ASX are concerned over Gips finances and are likely to pull plug on the listing unless they can be convinced the finances are in shape.

Would think Gip have to the end of this month and maybe a week more at the latest to show the accounts. As that was when they told the ASX they would be running out of money.

Now Gip are in a catch 22 position of maybe needing a listing to raise the money but having no listing because they have no money. Going to a lot harder to get anyone to invest if they are holding the accounts back.

Would you invest in a business if they refused to show you the accounts after concerns were raised?
I am not holding out much hope that Gip will hold onto any listing and i am already thinking about what they can do if and when they lose them.

There are things they can do even if they lose the listing's so i have not totally given up hope.

Robert

P.s sorry to spoil the more pleasant mood here with a down post.