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pickagoodone

1,752 Posts.

111

17/07/23

06:36

Post #: 68814529
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Originally posted by RunDover: ↑

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.

Expand

i not really sure what you are saying, are you saying NASDAQ listing in first 3 months has now passed so it’s failed ?

I thought this wants due until september anyway? i

RLT Price at posting: $1.60 Sentiment: Buy Disclosure: Held
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(20min delay)
Last 95.5¢		Change 0.005(0.53%)		Mkt cap ! $28.96M

Open	High	Low	Value	Volume
95.5¢	95.5¢	95.5¢	$4.789K	5.015K

Buyers (Bids)

No.	Vol.	Price($)
2	1833	95.0¢

Sellers (Offers)

Price($)	Vol.	No.
$1.01	7362	1

View Market Depth

No.	Vol.	Price($)
2	1833	0.950
1	756	0.930
1	572	0.895
1	6779	0.885
1	1170	0.855

Price($)	Vol.	No.
1.005	7362	1
1.020	10000	1
1.040	500	1
1.050	980	1
1.095	1450	1

Last trade - 15.31pm 16/05/2024 (20 minute delay)


Last 95.5¢			Change 0.005 ( 0.52 %)
Open	High		Low	Volume
95.5¢	95.5¢		95.5¢	1997
Last updated 15.31pm 16/05/2024 ?

RLT (ASX) Chart