Should HML investors be wary?, page-58

And just to clarify: I don't necessarily think this means we're going to end up with a lower valuation. It may be as simple as there being too many balls in the air with all of these proposed acquisitions so that it's difficult to pin down a concrete valuation that ASIC would be satisfied with. This doesn't mean it will be low, just that it's ... complicated! I hope we find out the full story once the suspension is lifted, it will be interesting