the real issue here is for ASIC to test,was the market fully informed prior to fri's asx announcement?,ie did the directors adhere to 3.1(1).
on the balance of probabilities given the downgrades by a number of brokers all within a few days of one another one might come to the conclusion ...NO.
if this is the case then legal action might be pending by those who have taken big losses.
appears like maybe a private briefing given over lunch last tuesday.
NCM Price at posting:
$12.01 Sentiment: None Disclosure: Not Held
