Originally posted by MaxAction
IMO the deal is/has been done, just as planned all along and management got on to announcing it as soon as practicable, with the elections hopefully out of the way! Entering into the TH at this stage IMO is a smart move no matter what!
Re the election there seem still quite a bit of unsatisfactory ramblings going on, as was to be expected. There is talk about wanting to challenge any results in court, possible demonstrations and even riots at this stage can’t be excluded. So once again the TH situation is in the interest of SH.
If over the next few days the situation should dramatically worsen, management could go for a voluntary suspension, if not asked to do so by ASX anyway. Remember VEC wouldn’t be the only company effected by country wide demonstrations and so ASX should urge companies to ask for suspension if it comes to that!
So as suggested above, with the deal being done the TH is in SH interest and an extension, if needed, I would see still even more positive!
why would the ASX/Company hold trading because of political unrest? The only time you pause trading is due to the need to keep a fully informed market and avoiding situations where too many people/risk around a significant event and those without the information may be disadvantaged (such as when a major contract has been executed).
Political unrest is public and there for all to see. Buy and sell
fully informed in an open and free market.
This folly about suspensions, given what happened last year, really needs to be nipped in the bud (apologies if this comes across as condescending max...not my intention, just irks me as I got burnt in the last suspension and still believe it was technically incorrect)
