CXN 0.00% 0.9¢ connxion limited

Geez nudges I hope you are right.I was only expecting the shares...

  1. 150 Posts.
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    Geez nudges I hope you are right.
    I was only expecting the shares to relist at what they are going to do a raise at which according to the NOM was 1 cent.
    It would be great if they come back on at 20cents, but that's not normally how it works.
    The ASX will only bring them back on at what they last traded at, which under Resolution 4 of the Meeting will be 1 cent to raise $2.2 million.
    They don't have any trades at 20 cents to justify it. Your example would only happen by way of a reorganisation on a non suspended stock or a fresh prospectus raising funds at 20 cents.
    Sorry for the bad news, but I hope you're right!
 
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