I went back and reviewed the response to the ASX query - it has a bit more info there although not the original please explain from the ASX.
It looks like one of the directors purchased shares on market (going back to Jan 2018) just 1-2 trading days before a price sensitive announcement was released by IVQ which is a breach of the 5-day blackout period. The share price had also increased from about 8c to 10c over those few trading days when the director was buying, so it's not a good look for the board.
I'm not certain, but I suspect maybe ASIC are doing a review/report on this matter, and the wheels turn very slowly in completing that review and resolving the matter.
IVQ Price at posting:
6.0¢ Sentiment: None Disclosure: Held