Ann: Redflow enters Voluntary Administration, page-58

Honestly the bar is pretty ;low on what they have to release and beyond that it is rarely enforced as poor regulation . Even obvious cases the actual test comes back to did the market move or didn't it for insider trading? Crazy to have a test that if some people had information others didn't or should have had and if the market didn't move it isn't a compliance event they will follow up. Simply saying you are restructuring, seeking finance , seeking matching finance etc etc and never putting a time on it probably covers their bums. Having a insolvency advisor, extra accountant hours ( paid for by shareholders ) and the VA in the books advising them for usually 5 days before they accept appointment usually does all the arse covering they need unless they have been really stupid. Sad but that is the reality unfortunately in most cases .