CoAssets shares have been suspended from trading in the ASX, anyone else finds this suspicious?

Hello, I am Jin Wen, the Community Manager from CoAssets! On behalf of the company, I would like to provide some inputs from the company’s standpoint on this post.

First and foremost, the suspension of trading of CoAssets Ltd’s shares had been duly announced on ASX for all investors’ information. As a listed entity on the ASX, information needs to be released on the ASX first in order for all investors to have an equal and timely access to information about a company.

Pursuant to ASX Listing Rule 17.2, CoAssets requested for a voluntary suspension from the quotation of its securities from the opening of trading on 6 Dec 2019 (Friday). The voluntary suspension is requested in connection with an announcement to be released. For more information, please visit http://s.coassets.com/25q.

Nevertheless, the team is currently working hard at work and getting re-quoted is our TOP most priority.

For the benefit of all community users, I would like to also share the difference between a voluntary suspension and involuntary suspension. It is important to note that the company requested a voluntary suspension, instead of having a suspension imposed on us by the exchange. For more information, you may refer to Guideline Note 16 on the comparison of trading halts and voluntary suspensions at http://s.coassets.com/Piy. For ASX disclosure policy, you can read more in the following link - https://www.asx.com.au/documents/rules/Chapter1....

Should you have any further query, we will be happy to help answer as well. Please feel free to email us at [email protected]. Thank you!

Kinda surprised by this turn of events. Didn't vest with them but was invited to previously during their SOAR event with Jim Rogers present. Will monitor further before whether to vest in future.