WE DEMAND URGENTL ANNOUNCEMENT, page-51

  1. 527 Posts.
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    I understand the frustration, but saying "demand" implies you have an entitlement. The truth is they don't work for us shareholders... they work for the company. The directors have a fiduciary duty to act in the best interests of the company (many people believe this to mean shareholders, but that simply isn't true. Just read AICD info on fiduciary duty).

    because they're listed on the ASX, they also have continuous disclosure obligations - but having a meeting with a collaboration partner (a meeting which they previously announced to the market) would not on its own trigger a need for a release.

    so right now, there is no "entitlement", so any demand would be irrelevant.

    irrespective, I think it won't be long before we see an update - possible reasons we'll see an update (in order of likelihood)
    1. Imec collaboration update - where they share what's been agreed in terms of next phase scope, cost and schedule (I reckon they're still working on this, hence no announcment yet because they didn't actually agree it in the meeting)
    2. New metrics to release (e.g. endurance of 4x10^9 cycles
    3. Corporate update - where they announce a change in strategy due to something that came out of the meeting with imec.

    they're not required to disclose what they talked about in a closed / confidential meeting they had with a company they have an existing commercial partnership agreement with...
    Last edited by mooselington: 18/10/23
 
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