Interesting, a Trading Halt to provide :
" a corporate update, an update as to the Company’s F-1 lodgement with the SEC, and anannouncement relating to the Company’s general capital raising activities. "
In the last week for the last several months we have had similar updates, they have looked like this
June 30th : 2 ASX releases
1) Corporate Update
2) Convertible Note Facility and Dual Listing Update
July 31st
1) June Quarterlies activtyt report, which included updates on corporate activties/ dual listing
August 31st ; ASX Release
1) Nasdaq IPO and Dual Listing Update
I suggest we had an update coming towards the end of the week anyway.
And given Monday we hit13.5c, I suspect the TH was to stop us dropping below 12.5c with no news until the update, with sentiment as it is.
That would look pretty ugly to potential IPO investors.
So CardieX decided to nominate a TH.
And I suggest the "reason" for TH is the finalisation of the Clinichain issue and revenue timing from this decision.
I could be completely wrong of course ... but that's what I reckon.
Please, DYOR, IMO.
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