Class action under investigation!, page-144

  1. 19,072 Posts.
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    "Anticipation" of a Bigger Deal (CBA) is NOT a material event until the contract has been signed, sealed and delivered.

    And it does not Obviate the requirement to disclose any previous deal cancelled.

    If ASX/ASIC allow this, then every single company on the exchange will claim they anticipate to sign a deal at a future unknown date (could be days, months or years).

    And then every single company would not have to disclose any cancelled deals at all - ie. No Need to report bad news at all on the Australian Stock Exchange!!!!!

    LOL.

    Then every single company will saying "due to the anticipation of a Bigger Deal to be signed, we feel these cancelled deals are irrelevant and immaterial".

    LOL.

    Now, show me where in any legal books that is allowed as a justification?!?

    You guys have been drinking too much of the kool aid, if you believed that is allowed.
 
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