https://www.copyright link/markets/equity-markets/asx-reviews-all-proposed-announcements-related-to-covid-19-20200430-p54on9 (AFR)
https://unauthorised investment advice/health/asx-cracks-down-on-coronavirus-claims/ (Stock head)
They're trying to review just about any COVID-19 announcement. In over their heads.
Take a look at TDLs response to the latest ASX query:
https://www.asx.com.au/asxpdf/20200415/pdf/44gz1m229612yv.pdf
Some questions are similar to what ANO were asked. To make matters worse, their trading halt has persisted for 2 months:
It's basically trying to answer:
1) If this is a coronavirus related product/service. If so, how much revenue was derived from it prior to announcing to the market?
2) Does the science check out?
3) Anything else under the sun the compliance officer feels like asking.
SKN are in their second suspension (they went through a 3 week suspension a while back), this one going on two weeks now.
It's possible that any single entity is a fraud. It's unlikely that three (likely more) companies are frauds that are making COVID-19 claims. Especially when SKN and ANO have both been queried extensively regarding their claims already (you'd think fraudulent activity would have been identified on the first pass).
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