For those interested in what a interim stop order is:
A stop order is an administrative mechanism that allows ASIC to prevent offers being made under a disclosure document where we believe any of the following situations exist:
To use a stop order, we must also believe that the situation is materially adverse from the point of view of the investor. For more information see Regulatory Guide 254 Offering securities under a disclosure document (RG 254).
- the disclosure document contains a misleading or deceptive statement
- the disclosure document contains an omission of information required to be provided under the legislation, or
- a new circumstance has arisen since the disclosure document was lodged.
If we impose a stop order on your disclosure document, your company is not allowed to offer, issue, sell or transfer securities offered under the disclosure document while that order is in force. An interim stop order may be made for up to 21 days, during which time a hearing must be held to give your company a chance to put its views to an independent delegate. After the hearing we may lift the interim stop order or place a final stop order on the disclosure document.
http://asic.gov.au/regulatory-resources/fundraising/stop-orders/
Looks like the order was issued on 3.11.17 so more news within 21 days from then perhaps.
http://www.search.asic.gov.au/cgi-bin/offerlist/offerlist?issuer_no=4766376&time=201711101600
Again, all the best to holders, can be a painful wait.
Just had one come back after two years odd and that turned out well.
- Forums
- ASX - By Stock
- Ann: Update on Public Offer and Acquisition of GBG
For those interested in what a interim stop order is: A stop...
- There are more pages in this discussion • 2 more messages in this thread...
You’re viewing a single post only. To view the entire thread just sign in or Join Now (FREE)
Featured News
Add SP8 (ASX) to my watchlist
(20min delay)
|
|||||
Last
0.8¢ |
Change
0.000(0.00%) |
Mkt cap ! $9.205M |
Open | High | Low | Value | Volume |
0.8¢ | 0.8¢ | 0.8¢ | $5.423K | 680K |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
9 | 19162856 | 0.7¢ |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
0.8¢ | 960932 | 3 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
9 | 19162856 | 0.007 |
4 | 2023000 | 0.006 |
3 | 1150100 | 0.005 |
2 | 1000000 | 0.004 |
2 | 1895016 | 0.003 |
Price($) | Vol. | No. |
---|---|---|
0.008 | 960932 | 3 |
0.009 | 3482500 | 6 |
0.010 | 938690 | 3 |
0.011 | 2662000 | 3 |
0.012 | 800606 | 2 |
Last trade - 10.43am 19/03/2024 (20 minute delay) ? |
|
|||||
Last
0.8¢ |
  |
Change
0.000 ( 7.14 %) |
|||
Open | High | Low | Volume | ||
0.8¢ | 0.8¢ | 0.8¢ | 70000 | ||
Last updated 10.43am 19/03/2024 ? |
Featured News
SP8 (ASX) Chart |