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12/04/23
20:48
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Originally posted by Stickshift:
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Everything's a win to someone lol. This questioning from the ASX - and AVZ's responses - are not a positive to me. The company admitted to not complying with the continuous disclosure rules . The one thing that makes up an orderly market . I have no doubts whatsoever that some holders knew of this ownership 'dispute' and sold their holding before the broader market knew. How do I know that? Because I first heard of the dispute on twitter - not from AVZ - before the decree to award the ML (and trading halt). It's all out there, it was being discussed freely if you knew where to look. Immaterial?? This was the seed that grew into the current situation. Compliance matters. Perhaps it's best described as a case of the ASX minnow that grew up too fast. GLTAH
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all responses we knew, except the one that mentioned AVZ did not know about Ministerial Decrees until Feb 3rd. Rest we knew Non-dsiclosure was mentioned, it was due to immateriality of the news If you wre right, ASX wouldnt allow the suspension to continue so now you have 100 + 1 company highlighting how wrong you are