To steer the question back from the weird direction this thread...

To steer the question back from the weird direction this thread has taken...

Rather than debate the semantics of whether this was freely disclosed (it wasn't) or drawn out of them (it was), all one needs to do is look back at previous announcements.

For example, MIGGSTER Subscriptions Update, 08/12/20. Simply look at the first posts in the thread where everyone starts doing calculations based on the values, at which time EM1 claimed to receive 64%.

For it later to transpire that they received substantially less than this without notifying the market is the lack of disclosure being referenced. Material disclosure requirements are that the market is informed ASAP, not after a Spanish Inquisition.