Every prospectus has a huge section covering risks, including risk that forecasts will not be met for one reason or the other. I think this is mostly boilerplate stuff that has been scrutinized over ages by armies of lawyers before getting to the current version that gets copied and pasted when prospectuses are drafted. In my view these conditions are heavily stacked against risk of litigation.
A seasoned gang like IMF would not have got the matter get past the first phone call.Which is what makes this development interesting. Maybe they are hoping to scare the management into settling out of court. Like a sort of protection racket. I hope ASH gets a good bunch of lawyers and equips IMF with a new set of holes.
Market Capital is $78.75m(=$0.525X150m), page-39
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Last
18.0¢ |
Change
-0.005(2.70%) |
Mkt cap ! $25.91M | |||
| Open | High | Low | Value | Volume |
| 18.5¢ | 19.0¢ | 18.0¢ | $12.95K | 70.00K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 7 | 88261 | 18.0¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 19.0¢ | 52153 | 2 |
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| Last trade - 15.33pm 11/10/2024 (20 minute delay) ? |
| ASH (ASX) Chart |