VRX 6.06% 3.1¢ vrx silica limited

The ASX is not fulfilling its obligations.

  1. 7,991 Posts.
    lightbulb Created with Sketch. 699
    Shareholders of VRX are frustrated at the ongoing trading halt
    which apparently arises due to the ASX itself being understaffed,
    and their inability to review and handle not just VRX,
    but a whole host of listed companies in a timely manner.

    Other companies are in a similar position to VRX where they are in
    trading halts for extended periods through no fault of their own.

    It would seem that the ASX  in general is not able to administer the listing
    requirements and any issues that arise in a timely and satisfactory manner.
    This is the very role and function of the ASX.
    To enable listed companies to go about their business,
    and for the shareholders in those companies
    to have liquidity in their shareholding
    and the ability to buy and sell their shares.

    Surely it is up to the directors and management of the ASX itself,
    as a listed company,
    to ensure it has adequate staff to fulfil its role in managing and
    maintaining its overall obligations to all registered companies,
    and the shareholders of those companies,under its control.

    It is simply not good enough that the ASX puts companies in a trading halt for extended
    periods of time due to their own shortcomings.

    It effected the companies themselves,
    and the individual shareholders in these companies.

    This is not the scenario for a successful and vibrant Australian economy.

    The directors and management of the ASX need to address this problem as a matter
    or urgency.
    Last edited by bendigo: 02/03/18
 
watchlist Created with Sketch. Add VRX (ASX) to my watchlist
(20min delay)
Last
3.1¢
Change
-0.002(6.06%)
Mkt cap ! $19.47M
Open High Low Value Volume
3.1¢ 3.1¢ 3.1¢ $502 16.19K

Buyers (Bids)

No. Vol. Price($)
6 426666 3.0¢
 

Sellers (Offers)

Price($) Vol. No.
3.2¢ 194896 1
View Market Depth
Last trade - 15.40pm 15/08/2024 (20 minute delay) ?
VRX (ASX) Chart
arrow-down-2 Created with Sketch. arrow-down-2 Created with Sketch.