GCN 0.00% 0.7¢ goconnect limited

p1 interim stop order, page-6

  1. 8,528 Posts.
    lightbulb Created with Sketch. 814
    tugga

    We have to wait 21 days to see whether the interim stop order is lifted, or a final stop order is placed on P1.

    See:

    http://www.asic.gov.au/asic/asic.nsf/byheadline/Raising+funds+in+Australia


    START QUOTE
    Stop orders: what they are and when we will issue one

    A stop order is an administrative mechanism that allows ASIC to prevent offers being made under a disclosure document where we believe it contains:

    a misleading or deceptive statement
    an omission of information required to be provided under the legislation, or
    a new circumstance has arisen since the disclosure document was lodged.

    If we impose a stop order on your disclosure document, your company is not allowed to offer, issue, sell or transfer its shares while that order is in force. An interim stop order may be made for up to 21 days, during which time a hearing must be held to give your company a chance to put its views to an independent delegate. After the hearing we may lift the interim stop order or place a final stop order on the disclosure document.

    END QUOTE
 
watchlist Created with Sketch. Add GCN (ASX) to my watchlist

Currently unlisted public company.

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