@JSB007 (reply-to bug, sorry): Hard on the heels of the last time Hay did these soothing 1-on-1’s with individual investors, some of which were alluded to or recounted (in part) here, Leo:
- came out of suspension only to go right back into one,
- received an ASX Aware letter,
- lost ASX’s confidence with its response and thus was suspended by the exchange for failing to meet listing rule disclosure requirements,
- walked back GF’s direct investment into Leo resulting in a relinquishing of equity in the JV instead, and
- then sold them another 5% of the JV.
None of the above was part of the script they were selling to rattled investors at the beginning of September, so it’s fair to be somewhat sceptical of their latest airbrushing too. Formal market announcements is what is required, not circumventive public relations activity.
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