Corporate Governance 101 - really scary to see that many people have no idea about these things, so your clarification is most welcome bp.
"The Company has now advised Mr Langford and Airguide that they are to cease making any comment on AVZ, its projects or operations on social media of any form and if they do their agreement in place with AVZ will be immediately terminated."
I wonder where the AVZ share price would be today, if this had been stated in the contract between AVZ and Airguide from day 1? My guess: it would be 25% to 50% higher, as we would have avoided several trading halts and associated uncertainty, which always kills share prices.
AVZ management are finally making some sensible moves to curb speculation and hopefully this will see a more steady AVZ share price appreciation over time and more positive reaction to future price sensitive ASX market announcements.
In the meantime, ML has been given the opportunity to do some real work for the company instead of wasting his time on Twitter.
AVZ Price at posting:
9.4¢ Sentiment: None Disclosure: Held
