Hi BB
Who would benefit had management held back the announcement? Traders might have picked up half a cent here or there. Net benefit to the company of a share price gain of .5cents.....nothing.
Weigh that against the potential damage from a charge that they breached continuous disclosure regulations by not issuing the announcement as soon as practicable.
Why risk it?
BIG OPEN on the cards, page-18
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Last
31.3¢ |
Change
0.003(0.81%) |
Mkt cap ! $454.5M | |||
| Open | High | Low | Value | Volume |
| 31.0¢ | 31.5¢ | 30.5¢ | $92.49K | 297.3K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 15 | 111435 | 31.0¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 31.5¢ | 116622 | 14 |
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| Last trade - 10.41am 04/10/2024 (20 minute delay) ? |
| IMM (ASX) Chart |