Given the confusion surrounding this announcement, SPL should have been placed in a trading halt yesterday imo. If SPL don't know exactly what the FDA are asking for, how the hell is the market supposed to know? The purpose of a trading halt for a company is to "prevent trading in its securities taking place in an uninformed market."
If on the other hand SPL know more than they are letting on and this is just more spin and fluff to disguise something worse, then they are in breach of their continual disclosure obligations. I think a please explain from ASX would be in order. What do they know and when did they know it?
Facts and Spin, page-7
Add SPL (ASX) to my watchlist
 (20min delay)
|
|||||
|
Last
10.0¢ |
Change
0.002(1.53%) |
Mkt cap ! $41.60M | |||
| Open | High | Low | Value | Volume |
| 9.8¢ | 10.0¢ | 9.7¢ | $37.59K | 381.3K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 1 | 245200 | 9.8¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 10.0¢ | 213440 | 6 |
View Market Depth
| Last trade - 15.59pm 05/11/2024 (20 minute delay) ? |
| SPL (ASX) Chart |