I would have thought that the issues at the moment for QBL would be ASX Recompliance, the Capital Raising and the upcoming share issues following our recent acquisitions.
The ASX have Guidance Note 12 which deals with compliance and recomplance.This runs to about 50 pages and clearly requires a lot of work for the company in meeting the requirements contained in the Guidance Note.
I think that a company’s shares are also suspended until any Capital Raising is completed.
Management is probably pretty busy at the moment dealing with the above, and also in just keeping the business moving forward. This may, in itself, add to the perceived delay.
All IMHO, of course.
GLTAH and DYOR
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