When you speak to them,ask them if they will
trade after the announcement or will they be suspended
until recompliance.
It can't be price sensitive because it won't trade until
either happens.
From the 3/3/2017 announcement,
QBL will not,
c) other than board level,will not be involved in the day to day
management of MCL,MCL will continue to have it's own dedicated
management team.
QBL would not be suspended if MCL was being run independently.
b)invest via direct equity or loans an amount of more than $750,000 in MCL
Yet,page 67 of annual report,
Loan provided to MCL-unsecured $54961
I asked about the travelling expenses of $177,819
it was explained as trips to Canada Israel,Victoria to organize deals.
Is that not QBL paying in kind and running MCL.
Actually recompliance would be good even if it involve extra suspention.
I don't see posters of 1PG posting about daily progress.
Knowing that,it would ease a lot of this tension.
Personally,I can't see the ASX allowing them to continue to be trading
like this and they will have to re-comply.
QBL Price at posting:
4.9¢ Sentiment: None Disclosure: Not Held
