5. Since mid-2005, we have issued five continuous disclosure infringement notices. In addition, we have taken court action in two instances where we consider information released has been misleading or not disclosed in a timely manner and also obtained a civil penalty in a third matter. We have also intervened where we were concerned investors had out-of-date, and no longer accurate, information for a members' general meeting. . .. ... 14. The announcement types selected were those that potentially suggested either a degree of self-promotion by an entity (large amount of updates), or market operator queries, or that directors had traded that particular entity's shares – all elements that could warrant further scrutiny.
15. Our objective was to detect entities that demonstrated a pattern of extremely frequent disclosure alongside significant share price increases – essentially outliers. As outliers, such cases may be worthy of closer scrutiny to determine whether there are any disclosure issues. Our scoring system was tilted accordingly with higher scores indicative of entities that made frequent announcements and had seen its share price rise significantly.
16. The underlying hypothesis was that disclosure and trading patterns well outside the norm could indicate instances of self-promotion or poor disclosure practices, and that such habits could potentially result in investors being misled. Of course, there could be many valid reasons for some of the patterns noted. However, where these circumstances arise, closer examination may be warranted, generally commencing with a review of entity announcements.
Point 14 is basically soley aimed at CDU, whilst point 15 is the exact opposite of what we are posting about!
We NEED some updates to the market as to the PROGRESS of the demerger... or lack of it... either way... you can't tell different shareholders different things over the phone and not make ACCOUNTABLE, FACUTAL statements to market.
I would like a holder who actually works at ASIC to ring them up and ask them what on earth is going on!
ARU Price at posting:
0.0¢ Sentiment: Buy Disclosure: Held
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