My initial thoughts were also a potential strategic move to freeze the share price at a high level and remain suspended until quotation of new shares after April 9th potentially giving rights holders a better exit price. Not many rights were traded so mostly existing holders, Advance Opportunities, Alto Capital as nominee plus whoever got caught out yesterday. Hopefully there's a pump round 2 for anyone stuck but it will be more difficult with 10x shares on issue.
Ann: Suspension from Quotation, page-43
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