Ann: Trading Halt, page-8

Hi Mate, kind of...

So basically if a company is issuing new securities it needs inform the market via a cleansing prospectus as a means of validating or legitimizing the securities that were provided. In KNM's case here, they failed to do this? What I don't understand is the whole civil liability case though? does that mean a person who bought and subsequently sold shares that weren't announced via the cleansing prospectus performed an illegal transaction?