The ASX can be a very slow moving beast when it comes to inquiries. I know from experience. I have shares in VRX and they were suspended from trading for around 6 months while the ASX complete their inquiries into a proposed deal. Of course there was a small dip on reopening, because some people obviously need access to their funds after that amount of time and may not be long term investors. But, I'm happy to say that VRX's SP is currently sitting at more than double what it was before the suspension. So a long suspension because of the ASX taking forever with their inquiries does not necessarily mean bad news. I wouldn't be surprised at a small dip on reopening, because of a few panicking or needing access to funds. But it will also depend on the announcements. We really have no clue how long the suspension will last, and what the outcome will be, so any estimates are pure speculation at this point.
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- Ann: Update on suspension of securities
Ann: Update on suspension of securities, page-35
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