According to the Sydney Morning Herald, local bitcoin company Bitcoin Group seeking to be listed on the ASX, has to release yet another supplementary prospectus, which is a third in a row, and withhold its listing until January. This delay is caused by the Australian Securities and Investments Commission, which so far has relased two stop orders on the company’s previous efforts to float.
Troubles with the second listing attempt are related to the fact that local rules require a company to return all the money it has raised so far, should the listing occurs more than three months later than the prospectus is lodged. Bitcoin Group’s second prospectus stated the listing date was on January 6, which is evidently more than 3 months as of its lodgind with the ASIC, which had occured on September 4.
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Topic: [2015-12-08] Bitcoin Group Withholds Its IPO for the Fifth Time (Read 246 times)
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