silence is golden ??, page-50

Hi maka, have just come across this and it may result in a further clarification of company responsibilities around continuous disclosure obligations.

"Perhaps the most difficult section of the current rules for companies, investors and other market participants have been the ‘’carve-outs’’ from the rules for commercially sensitive, or immature or incomplete information, particularly when the information leaks/is leaked into the media or the market. The proposed changes provide a lot more practical detail on how companies should interpret and respond to the rules."

http://www.businessspectator.com.au/bs.nsf/Article/ASX-ASIC-continuous-disclosure-guidance-note-pd20121017-Z63S5?OpenDocument&src=sph

Also agree with you comment around investor psychology.

bluebush