Rebel, here's the rule details, and yes they are supposed to inform the market as to the expected time of the suspension, which they don't seem to have done. Seems the time can be indefinate though.....
Suspension of securities from quotation
Suspension at entity’s request
17.2 ASX may at any time suspend an entity’s +securities, or a +class of them, from quotation at the request of the entity. ASX may require the request to be in writing. ASX is not required to act on the entity’s request. The entity must tell ASX each of the following.
• Its reasons for the suspension.
• How long it expects the suspension to last.
• The event it expects to happen that will end the suspension.
• That it is not +aware of any reason why its +securities should not be suspended.
• Any other information necessary to inform the market about the suspension, or that ASX asks for.
AQD Price at posting:
19.0¢ Sentiment: None Disclosure: Held
