AVB 0.00% 16.5¢ avanco resources limited

not when but what and why, page-3

  1. 2,810 Posts.
    "Im also interested in the "WHY" the directors are in no rush to release results - think about it.......would you like to show all your cards early and have the SP spiral out of reach, or drip feed and continue to top up (4 directors topped up some earlier this year)."

    As I understand it,the Directors of any listed company have an obligation under the laws of continuous disclosure to release market sensitive news( drilling results)to the market as soon as they are available. To be aware of results and to " drip feed these results and continue to top up" would, in my opinion, render any director of any company liable to insider trading charges as well as charges relating to their fiduciary duties to shareholders.

    I find it disturbing that you appear to see nothing wrong with this



 
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