ok, had to tag again .......... @JoshuaL re: "considering according to you, Leo applied after FFX requested the release, in reality they didn’t have to inform SH, whereas FFX made a request and as there was no announcement related to this request, IMHO, they failed in their disclosure obligations, or do you believe that SH don’t need to be informed of such crucial information??"
considering according to you, Leo applied after FFX requested the release, in reality they didn’t have to inform SH, whereas FFX made a request and as there was no announcement related to this request, IMHO, they failed in their disclosure obligations, or do you believe that SH don’t need to be informed of such crucial information??
This I found this to be helpful, as it is not as complex as the full version; https://www.asx.com.au/documents/about/abridged-continuous-disclosure-guide-clean-copy.pdf Understanding and complying with disclosure obligations under Listing Rules 3.1 and 3.1A. These rules provide: 3.1 Once an entity is or becomes aware of any information concerning it that a reasonable person would expect to have a material effect on the price or value of the entities securities, the entity must immediately tell the ASX that information. ~ it is not uncommon for shareholders to think that as the company's shares are in suspension, continuous disclosure isn't required as there can be no material effect on the share price or the value of the Company, that isn't the case as obligations under Listing Rules 3.1 & 3.1A and Section 674 of the Corporations Act still apply.
3.1A Listing rule 3.1 does not apply to particular information while each of the following is satisfied in relation to the information: 3.1A.1 One or more of the following 5 situations applies: ~ The information concerns an incomplete proposal or negotiation; ( I have only presented this clause as it is IMO the most relevant) (The full list can be found in the link (see above))
After reading through the Listing Rules for continuous disclosure, if you still have the opinion they have failed their obligations, you could either contact the company or lodge a complaint with the ASX or lodge a complaint with ASIC, or all of them. In my previous experience, when lodging complaints the ASX is generally faster to take action and provide feedback, if you indicate on the ASX form that you have also lodged a complaint with ASIC they generally just flip it to them.
