ELM interaction with ASX compared, page-8

There was a complete day of trading on the ASX (Friday 14 May) between when EML became aware of CBI's AML concerns (Thursday 13 May) and the trading halt before Monday trading. I understand that EML sought legal advice during this time. I suspect that ASX were concerned about disclosure rules around market sensitive information.

The comparison being made between ISX, is that ISX were heavily criticised (possibly penalised) by ASX for not releasing information to the market (whilst under suspension, no less) for 1 day.

The issue at hand here is determining whether ASX are operating in a consistent, fair and transparent manner towards all listed entities. Time will tell, the ASX looks to getting a little hot under the collar to me...