VTG 0.00% 8.1¢ vita group limited

Ann: FY17 Results Announcement, page-69

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  1. 2,144 Posts.
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    I've sometimes thought about business announcements.

    Of late, there seems to be a whole new industry started up by big law firms with deep pockets who are circling like sharks waiting for a company to 'slip-up' in some way so it can start a class action on behalf of aggrieved shareholders.

    Any company must know that the more information it imparts can work to the benefit of these legal-eagles who are looking for a way to exploit it to their own advantage.

    So the result has been, rather than companies keeping shareholders informed, companies actually provide no more information than they're required to in a format that uses as few words as possible.

    Can't blame them.
 
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