I don't think you can say they expected it to be 5days. That is just the maximum they could ask for. A TH for 2trading days, which due to weekend and public holiday gave PLV 5days. After that it is mandatory suspension.
Having said that, they then gave more guidance on timeframe and have extended on a couple of occasions. So it is definately taking longer than expected.
It's a strange one. They must be coming under some ASX pressure to relist soon. To remain in halt the information must be material, which we are all assuming means WEG 50%. And market isn't allowed to be trading blind. So their must be a risk of inside trading. ie some are in the know and others not.
Companies relist with uncertainty all the time. Just tell us WEG are fighting for their 50% and we beleive they have no case. But it will take time to finalise. Then holders decide which way they want to bet.
PLV Price at posting:
20.7¢ Sentiment: Hold Disclosure: Held
