David Rowe
The 3000 shareholders in music streaming group Guvera are learning the hard way the enormous discretionary powers that rest in the hands of the ASX.
When the ASX refused Guvera admission to the exchange last week it closed off an important avenue for raising capital.
That was a permanent closing of the gate for Guvera and pushes the company closer to insolvency.
Guvera executives will meet ASX listing officials on Tuesday but there is no chance that meeting will result in a change to the ASX ban on Guvera being listed.
The me…
Read the full article at: http://www.afr.com/brand/chanticleer/guvera-shareholders-learn-the-hard-way-about-asx-powers-20160620-gpn3vj