Should be an easier target to hit than they are usually aiming for.
No underwriting agreement = no prospectus, is what the last relevant announcement says. If they can get any underwriting, they will issue a prospectus, so long as the directors agree.
Otherwise, the suspension continues indefinitely.
It is now nearly three months since the original underwriting agreement was to have been finalised, and two months since the shares should have been trading again, according to the first timetable of the rights issue.
If the suspension continues until August 2018, they will be delisted automatically under new ASX rules. Better stock up on the popcorn folks, it could be a long movie!
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- So .... no timetable at all
So .... no timetable at all
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