Everyone keeps calling ZYL, so I took a different tact & called the ASX. I spoke to a pleasant chap, who was able to mention the following:
1. Companies can take upwards of 3 months to relist. In the case of ZYL a change of business model from technology company to mining company can be a significant change. Requiring much paperwork, re-modelling, compliance.
2. ZYL have been quite transparent & consistent in the release of their their communications.
3. ZYL should not be telling shareholders that the issue is with the ASX, as the ASX has a listings department who are there to assist & guide companies in terms of what is required of them to comply with ASX listing rules & regulations.
4. Companies can remain suspended until they are able to satisfy all listing requirements & have sufficient information to release publically to that effect.
So i'll continue to patiently wait on the sidelines with other holders. I hope at least the fact that I am resting assured, you will be of the same mind. Then again, ones mind is their own domain. So one is free to think what they will.
Cheers,
Pandelis
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