Tomorrow or in the short term, it is likely expected that the release of the following will occur -
1) KE's resignation, and/or
2) the lodgement of a 249D according to corporation act and/or
3) Another change in directors interest notice of KE sold all or almost every share.
Important to note the following:
"Having said that, it is not just ASIC enforcement action that boards need to be wary of – inappropriate trading can have serious implications for a company's reputation. Boards can be swiftly punished by investors even where there is no proven breach of the law. This reinforces the need for boards to think carefully about the policies and practices they have in place to address this important issue." (See 'Director share trading' page on ASIC website)
AVZ Price at posting:
8.9¢ Sentiment: None Disclosure: Not Held
