Moosey,
Please accept my humble apologies the opening line of my last post should have read "I have seen reports on this that said at the time MST did NOT seek a trading halt". Certainly the further announcements at the time by the Directors indicated that they had in fact lined up further funding. If this is the line that the Board were spinning at the time I can understand why they were not given the trading halt (if in fact they asked for it). Certainly there was no market sensitivity to it as it was all over the press. Again the listing rues are quite clear as to how and when a Company can ask and expect to be granted a trading halt. Given that the Board were very keen to avoid any indication that there was any solvency problems, I am still of the opinion either they did not ask for it, or ASX based on information released by the Directors felt that there was no valid reason for it. Seems some confusion but probably now more of historical value.
Am I entitled to ask why Lee would be sending you emails on the position of the Company and ASX? Were you being given information not available to the general public? Did Lee send this email to all shareholders expressing his concern that ASX had not placed the Company in a trading Halt? Also on what basis you would have to complain to ASIC about business between ASX and the Company? I would have thought that if Lee and the Board were so concerned they would have approached ASX/ASIC themselves not left it to a shareholder.
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