Yes, they could ask the ASX for a voluntary suspension, but i suspect it wouldn't be granted. As per the below guidance note, voluntary suspensions are granted to allow the company to manage its continuous disclosure obligations, which RFG appear to be doing in the ordinary course of business as per yesterday's and other recent announcements.
http://www.asx.com.au/documents/rules/gn16_trading_halts.pdf
The fact the share price is moving wildly isn't a valid reason to request a suspension; what matters is whether the market is fully informed. Evidently, RFG's board believes that the market is fully informed.
Yes, they could ask the ASX for a voluntary suspension, but i...
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Last
7.2¢ |
Change
-0.003(4.00%) |
Mkt cap ! $179.2M | |||
| Open | High | Low | Value | Volume |
| 7.3¢ | 7.5¢ | 7.1¢ | $80.72K | 1.103M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 2 | 160987 | 7.2¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 7.5¢ | 213335 | 2 |
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| Last trade - 16.10pm 16/08/2024 (20 minute delay) ? |
| RFG (ASX) Chart |