Like everything in flux (as we seem to be at the moment) intentions are guarded against failure by terms such as...'or other means' That is how I read the conditions.
Many posters have pointed to NASDAQ listing requirements and how we failed key criteria.
I initially thought that there is some disconnect between Google results of listing rules and the actual intricacies of NASDAQ float.
The "Trick"
It appears not. Even us simple posters knew it was a no go.
They knew the of listing rules and the three month ASX rule and confidently asked for permission to issue shares. Was it also a special meeting?
A bit too Cock Sure and cover their ass with 'other means.'
There is obviously an objective that Management wish to achieve. They have failed at their first attempt. It was an attempt that they had no hope of achieving.
I believe that the Special Resolutions speak to the 'other means'.
At it's very simplest, I thought that the authority request for the Special Resolutions would of included the % of shares to be repurchased.
That would put the freightners up any shorters.
- Forums
- ASX - By Stock
- RLT CHART
Like everything in flux (as we seem to be at the moment)...
-
- There are more pages in this discussion • 101 more messages in this thread...
You’re viewing a single post only. To view the entire thread just sign in or Join Now (FREE)
Featured News
LU7
Discover the strong preliminary feasibility of the Bécancour Lithium Refinery, showcasing resilience in a low pricing environment and a strategic plan to capitalize on future price recoveries
Add RLT (ASX) to my watchlist
(20min delay)
|
|||||
Last
86.0¢ |
Change
0.015(1.78%) |
Mkt cap ! $26.08M |
Open | High | Low | Value | Volume |
85.5¢ | 86.0¢ | 85.5¢ | $19.62K | 22.94K |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
1 | 999 | 86.0¢ |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
86.5¢ | 948 | 1 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
1 | 999 | 0.860 |
2 | 27286 | 0.855 |
1 | 5952 | 0.840 |
1 | 2523 | 0.810 |
1 | 1000 | 0.800 |
Price($) | Vol. | No. |
---|---|---|
0.865 | 948 | 1 |
0.875 | 500 | 1 |
0.900 | 7389 | 2 |
0.925 | 2000 | 1 |
0.990 | 1578 | 1 |
Last trade - 16.10pm 07/10/2024 (20 minute delay) ? |
Featured News
RLT (ASX) Chart |