Unfortunately the threshold for "above board" is extremely low with the ASX.
Quick Google and you'll see a rife of misleading (although not enough to be acted upon by the ASX) announcements that have preceded many investors losing a lot of money.
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- Ann: GSW Completes Over-Subscribed A$75m Institutional Placement
Ann: GSW Completes Over-Subscribed A$75m Institutional Placement, page-90
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