AngryTan - Good to get a careful and critical analysis of the statement, to help understand what is and what is not being said or implied in the statement - and you have stimulated some useful discussion. thanks.
I too was a little surprised by the initial words:
"In compliance with its continuous disclosure obligations announces …".
After consideration, my take on it was this:
- We are required by our partner not to disclose their identity, or progress details.
- However if either partner name, POC product name or progress was disclosed, then it would be material to how the share market values us.
- ASX listing rules hence require disclosure, of some relevant type.
- Hence we are disclosing this (and consider that this is all we can disclose given our contractual relationship with partner.
Maybe I am being optimistic as a holder (probably a "believer"), but that was my take.
(or perhaps just some amateur wording, as you suggest)
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