Ann: Change of Director's Interest Notice, page-78

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cruiser51

6,955 Posts.

1965

06/05/20

14:45

Post #: 44466040
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Originally posted by JB1975 ↑

"It's still a bit of a game of cat and mouse so let's hope the FIRB don't kick up a stink and change the goal posts once more.. "

I know that there have been media statements about the FIRB and know that monetary thresholds have changed. BUT other than from AVZ's announcements - which are ambiguous - there is no independent evidence I'm aware of that a goal post change was the cause of the withdrawal by Yibin of their application. Or that Yibin had to (as opposed to chose to) make an application in the first place.

And there should be independent evidence of relevant goal post movements outside of the contents of Yibin's protected information if the goal posts had changed. The evidence is old goal post position (the law as it was on the date of Yibin's application) and new goal post position (the law at the date of Yibin's withdrawal)..

Or to put it another way if a change in laws made Yibins application have to be withdrawn then it should be possible to see that in the laws themselves even without seeing the Yibin application or without asking the company.

A principle of research is look for a second source to verify something is true. A lot of folks are just accepting something is true based on a single source - AVZ announcements.

I am not saying AVZ's announcements are false. Nor am I saying they are true. I am saying they are a single source. Now sure if you get advice from someone like a doctor or a lawyer because you don't understand - you can get a second opinion (no harm there) - but going back to the same source a second time isn't necessarily getting a second opinion in the best sense.

I think Yibin sought a section 43 exemption certificate and not a no objection notice. Both are forms of FIRB application. The two different applications have different implications. Even prior to the coronavirus changes no objection notices might take six months to be received (Yibin didn't want to take 6 months) but section 43 exemption certificates usually only take a month.

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How about you send an email to Yibin and ask wtf is going on?
Hopefully an answer on that will settle your anxiety.
Let's face it it would be your second source.
Writing to AVZ will not help you, as you want a second opinion and you will not get it from FIRB or Josh.
Just a minor observation.
I hope this suggestion is helpful, because there are no other reliable sources I am afraid.

AVZ Price at posting: 6.5¢ Sentiment: Buy Disclosure: Held
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Ann: Change of Director's Interest Notice, page-78

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