I have two major "issues" with the way this sordid affair has been handled.
1. The announcement that corrected the alleged breach of 17.3 was published late yesterday after hours, and many holders would have missed it as it did not appear in this morning's News Headline alerts.
Yes, I missed it too and therefore failed to sell into the Open what handful of shares I had left.
2. Even more scandalous: when ASX lifted the suspension this morning, it failed to wipe the market depth, leaving all previous buy and sell orders active, to be executed. Nearly 2 hours into the session, a brief note advised of the mistake and told people to check their orders.
"D'oh!" Now they're telling us! I was lucky not having a buy order on the board when the suspension was called. I would, however, have been very filthy if one of the 19 or 19.5c buy orders had been mine and I had found myself owning stock that might have been desirable on Monday, but not anymore today.
I have two major "issues" with the way this sordid affair has...
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