I haven't read most of the posts following the suspension this morning. However, if this post is representative of the flavour of the posts following the suspension announcement, then I think those who are doing the alarmist and conspiracy thing should pack up and head off to the casino.
How you can ascribe, "...
poor management, judgement and lack of integrity. .." to the fact that the company chose not to release news today - is beyond me. Fair enough if you are trading the pips and were looking for a bounce today but if a LT holder and you're whinging then maybe the market is not for you.
The decision to go into a TH on Monday might have been because they did not want a leaky ship and the deal might not have been 100% set at that time. I actually think it shows good judgment. Better to bolt the doors than let everyone slink out of the building whispering into the ears of others.
A TH can only go for 2 or 3 days (2 I think) and then suspension is either requested (voluntary) or applied by the ASX (involuntary). And if they did not believe that the announcement would be ready tomorrow they could have called the extension for another 2 or 3 days or even another week if they so choose.
A one day extension following a 2 days TH and people are wetting their frilly knickers
Staggering.
Orders haven't even been purged yet! Maybe tomorrow prior to open and before the announcement? And then orders will be back up with the first bid at 6.0c
- maybe - fingers crossed!
If you have been in this through the GAL days then a 24 hour voluntary suspension on an announcement is small stuff - it really is.
Try sitting through the RTO and relisting months while the negative posters chip away at your confidence.
An extra 1 day wait - on yer bike sunshine!
If you're in this LT
@taow then sit back and enjoy mate.
GLTAH
