cvac to cvac trade mark usa appl. no. 77936296, page-27

I studied a bit of law too BRR so we may be able to relate on this matter.
Let's look at the 'reasonable person' test.


http://www.asxgroup.com.au/media/PDFs/gn08_continuous_disclosure.pdf

"Listing Rule 3.1A.1 ? the reasonable person

31. The first requirement of the exception is that a reasonable person would not expect the information to be disclosed. A reasonable person would not expect information to be disclosed if the result would be unreasonably prejudicial to the entity."



Releasing information on NASDAQ progress would be prejudicial to the entity, in this case Prima Biomed. A reasonable person would hence expect the company to act in best interest of its shareholders.
Is that clear?


PS. Rupert Murdoch is getting drilled, love it!
ABC 24