I was under the assumption that a time limit of three years was applicable under asx rules for a company to be suspended from trading before being delisted, I have now found that the asx will extend this indefinitely if the entity can show it is actively trying to take the company in the direction to ultimately relist, someone posted that they had spoke to ralph and he said relist was most likely now going to be august, I assume if the company which it seems to be doing is working towards a relist then that would satisfy the asx to extend the suspension for as long as it wants? comments anyone.
CSD Price at posting:
25.0¢ Sentiment: Hold Disclosure: Held