It would appear that the teflon coated TL is avoiding compliance...

It would appear that the teflon coated TL is avoiding compliance issues - why else would an organisation de-list itself from one of the most respected market exchanges for exploration and mining companies in the world? Why has this move appeared suddenly and without any lead up discussion with shareholders (who are ultimately the Owners of NIU)? What value does this add (it is probably more of a value-killer in reality???)?

A two year listing suspension by the ASX, no explanation by TL or the NIU Board, a mandatory requirement to engage a specialist legal practitioner to make recommendations to comply with ASIC and ASX requirements.

This company is notorious for keeping its owners in the dark.

What does the constitution of the company have to say about changing stock exchanges, how is this transaction in the "best interest" of ALL shareholders, regardless of holding (Note: suppression of the minority is against the Corps Act) - the NIU BoD needs to remember that NIU Ltd is still an Australian formed and registered company, governed by the Corporations Act 2001 (Cth) and full compliance is not optional.

What protections are there now in place for shareholders as it relates to dilution, disposal of assets (given the BoD past performance with significant assets in Tasmania which could have been considered out of alignment with ASX listing rules) - including the settlement of the significant debt that that spin-off company owed NIU (and ultimately it's shareholders).

What has happened to all the Capital Raisings that were to achieve JORC statement of Reserves?

How do Owners now deal with their investment, what are the listing rules and protections? Is this just a venue where the existing behaviours can continue unchecked?

This move raises more questions than answering owner concerns.

For those who want to rant and rave about the ASX - it must be remembered that their client is the company they are listing and there are rules by which those companies can remain members, the ASIC is the regulator and enforcer. If you are unhappy with the way YOUR company is keeping you advised of issues then you need to raise it with the regulator, or form a united front in accordance with the Corps Act and hold the BoD (that YOU elected) to account.