I keep hearing posters say that suspensions from trading of this sort are unheard of.
May I ask readers of this forum to take a glance at Winmar Resources (wfe).
They have been suspended since the 7th of June, 2018.
They too are having re-compliance challenges with the ASX due to significant changes in business activities & multiple deals/partnerships.
I encourage readers to not just skim over the announced suspension continuences but read each one as they evolve to date.
It's a good opportunity to see that CGB is not an isolated case.
Perhaps the re-compliance process is more complex than originally anticipated?
The frustration for me does not lay in the prolonged suspension per say but more so not understanding clearly what these re-compliance obstacle are after so long.
Flying blind now more or less.
I also sympathize with CGB management that perhaps communicating these internal re-compliance issues with the shareholder base & broader market may not be appropriate at this time.
I'm a patient person though & still remain of the opinion that the pieces of the puzzle will come together when ready, we wait & watch.
CGB Price at posting:
3.7¢ Sentiment: Hold Disclosure: Held
