Mate, just the same as Chris, I'm not bored, I just don't believe in posting for the sake of posting.
"You and AE are sounding really bored. Only another couple of weeks before we get news.(hopefully)
If we get a two week extension tomorrow or Friday that takes us to around the 12th Jan which is pretty good as markets are starting to come back."
Well the 'news' isn't here yet and of course a new extension has been requested/granted as expected.
However, now we have one big difference as everyone knows which is the extension period expanded to 4-5 weeks rather than the previous 2wk periods.
Why so long this time around would have to be the main question ?
I don't think it's simply a matter of being in negotiations with a proposed acquisition target.
I do think it's likely that the ASX are asking them questions which will take them some time to come up with answers for.
Looking back to 2018 when they tried to buy out 100% of Medcan (subsequently failed) there were also multiple extensions, much of which was due to the ASX not being satisfied that listing conditions would be met if they allowed it to go ahead without providing all necessary info/docs etc. (dyor)
Around that 'era' (of the transition to CGB) there was also a situation of a delay due to the ASX demanding an 'original' document (as opposed to a copy) that had to be courriered to them from a foreign country. Respect for not accepting a copy which shows due diligence for everyone's protection.
Obviously the Medcan deal ended up collapsing and now 4yrs later there's a court battle over non-payment.
We're still being kept in the dark though but hopefully it's for the right reasons such as the ASX insisting that Compliance and Listing Regs are being adhered to for the protection of all once again.
Have a great NYE everyone & all the best for 2023
Cheers, AE
