why were all the buy/sell orders purged friday, page-7

here is the definitive answer:

Michael,

Below is the ASX explanation, obtained from the website, for the XB notation on the Lion Shares. The record date is 16 July 2004 so all Lion shareholders on the register on 16 July will be entitled to the bonus issue of Entek shares.

As below the ex bonus date is before the record date.

XB ex bonus issue
XB displays for a security from the morning of the Ex Bonus date (generally four business days before the record date) and remains until the close of trading on the bonus issue date. Trading in a security displaying XB on SEATS does not carry the right to receive the bonus issue. For more information refer to the description of Cum Bonus. All orders are purged at the end of the trading day prior to the security being quoted on an XB basis.


If you have any further queries please do not hesitate to contact the company.

Regards,