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clock Created with Sketch. 27/11/15
20:30
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Originally posted by reader
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There couldn't be a trading halt while the company is in the hands of ASIC. ASIC has general market supervision now. ASX controls second by second trading, including halts, but it will defer to ASIC when the company is already in the hands of ASIC. ASX can't very well send a speeding ticket in this case because in effect they would be asking ASIC for an explanation.
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@reader - sorry can you explain why the ASIC being there prevents halts - not sure I follow? is that an opinion or a fact/regulation? Are you suggesting this is why there was no speeding ticket or are you suggesting that management/board are unable to ask for a halt? Are ASIC in control of SGH? I thought they were just reviewing files in a cubicle in the corner? Thanks.
