AB1 abarta resources limited

I think it's safe to say we're resting somewhere in between...

  1. 1,322 Posts.
    lightbulb Created with Sketch. 267
    I think it's safe to say we're resting somewhere in between something a five year old can answer and complex.

    The ASX haven't said they can't understand the answers coming in. They said they "remain onfoot," but they haven't received satisfactory responses to their queries.

    AB1 supposedly have financial people (and most probably, lawyers) to deal with this stuff, so why are they having issues articulating themselves when responding to the ASX?

    This is their business. Even if it's dumbed down so the ASX understand the complexities, there shouldn't be a suspension of this length. AB1 don't have any trouble acquiring other businesses and forming partnerships, so they should be able to answer the ASX queries in their sleep. If they are trying to dance around issues and the ASX are coming back with more and more questions, the red flags and scrutiny will get bigger by the day. This could be never ending.

    DYOR...





 
Add to My Watchlist
What is My Watchlist?
A personalised tool to help users track selected stocks. Delivering real-time notifications on price updates, announcements, and performance stats on each to help make informed investment decisions.

Currently unlisted public company.

arrow-down-2 Created with Sketch. arrow-down-2 Created with Sketch.