I suppose ASX could justify its position by thinking that at least people can get out by selling - so long as there is not a trading halt.
But that sort of sentimental consideration is not ASX's call. ASX is there to manage the listing rules, which include full disclosure. This is something GCN has got away with avoiding time after time - what with winding up actions and not announcing failure of its multiple cunning schemes to make cash and maintain solvency.
What is it? Two years since First Mongolian failed and people were sucked into buying qualifying GCN shares?
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I suppose ASX could justify its position by thinking that at...
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