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Ann: Suspension from Quotation, page-14

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tallplumber

4,909 Posts.

739

01/03/24

10:54

Post #: 72690091
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Originally posted by rigormortis ↑

At the end of the financials ASX always asks how many quarters of funding can be sustained. A company usually must prove sufficient funding for a certain number of following quarters (is it 2?). If the report cannot comply they are suspended from trading and that is why that earlier suspension occurred, not slack reporting. I hope this one is just slack reporting and that it can be tidied up quickly but that is unlikely. They had an extra day with this leap year to get it right so I suspect otherwise. It is hard to believe they would knowingly submitting a report that cannot comply with the ASX funding requirement unless it is planned as part of fund raising. It worked the last time.

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Agree...but why stipulate this is fact when we don't know
Surely they have learnt..who knows
Things are bad enough...why some(frankie) want to speculate when they don't know is beyond me.
It's hard bit we need positivity...not guessing in the negative

NUH Price at posting: 8.1¢ Sentiment: Hold Disclosure: Held
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