Ann: Response to ASX Aware Query, page-41

I certainly understand the point you're making, @homework.

In my opinion, though, the issue lies in the fact that a T20 shareholder was able to find out that the grant had been rejected a couple of days before the announcement had been released.

Management have made the claim that there was a need to consult third parties for advice re: their announcement, but I find this hard to believe, as the information had already been made public elsewhere.

The most sensible solution would have been for GPP to have requested a trading halt pending the release of information regarding the grant application. This is the course of action they've taken in the past when they've had something to report, I don't see why all of a sudden it needs to change.

Another point that should be noted, is that the announcement was written incredibly awkwardly in comparison to other announcements that we've received.

Very little care had gone into its format and flow.

At the end of the day I'm not too fussed because I'm no longer a holder, but it frustrates me that the share price is taking a hit for stupid reasons.