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If CTN suspends trading on asx before meeting, will cga follow?

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YodaObi

335 Posts.

27/03/17

01:05

Post #: 23637471
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Originally posted by YodaObi ↑

If they know not, they better learn FAST. Unavoidable price to pay for listed companies. Must have good and proper People and Process to ensure listing rules obeyed.
Monday suspension is Catch 22 for CGA ? If they suspend stock Monday, they admit they should have disclosed and explained very soon after 8/12/2016 CTN announcement? If they do not suspend Monday, they compound previous error. making it two very large disclosure errors in a row.
Either way, rich pickings for class action lawyers? Yoda thinks one error better than two, especially when involving same issue.
Maybe they explained to large shareholder why CTN announcement NOT material to CGA, because Yoda very much doubt big shareholder not on phone demanding answers. If so, why no disclosure to small shareholder. Selective briefing? More rich pickings.
Directors of CGA also signed off on prospectus. Yoda thinks reasonable man infer from prospectus that CTN contract has exclusivity? So here's hoping Directors Liability insurance is current. More rich pickings?

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If CTN suspends trading on asx before meeting, will cga follow?

CGA Price at posting: $1.19 Sentiment: None Disclosure: Held
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