Ann: Trading Halt, page-32

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tintin888

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06/10/20

20:50

Post #: 47894021
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Originally posted by Magutza: ↑

I was trying to work out a plausible reason for a TH because the Ann that was given doesnt justify it. When @tintin888 called to confirm the TH was from the ASX I wondered why as the Ann didnt have a great deal in it. But my best guess in all this is that the ASX have made it almost impossible to have Covid 19 in an announcement without some kind of material value to it. I think they called it covid cowboysat the time, companies trying to ride the covid train. So I wonder if the ASX stopped the Ann and asked for Covid tests or the likes to be removed from any announcement unless there was a very valid reason for it being there? Without knowing the wording etc, we may never know. But maybe we will see something else shortly with a bit more meat on the bone, as its clear we need it.

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This is probably spot-on. Several companies have been investigated for false claims with respect to the ability of their products to destroy, cure, etc COVID and ASIC/ASX did publicly state they would be heavily scrutinising announcements that mentioned covid. I guess the concern is that if this was the reason for the halt, the company clearly wasn't able to pass the ASX sniff-test...

PO3 Price at posting: $1.60 Sentiment: Hold Disclosure: Held
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Ann: Trading Halt, page-32

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