IMO Finally the ASX asking questions and hopefully asking the correct questions in the future. Nice to see the chain of letters released - will look deeper later. This IMO is not a good look for many reasons. I am stunned that a company is allowed to trade if responses are returned with 24 hours regardless of requiring OS confirmations and probably legals.
I love reference to " verbal" response from big pharma and "ramping" . That may go down in the record books. Verbal or not knowledge is knowledge in contracts etc. Question is what other information has been received or given verbally and timing of such?
I think this is the start of a trail that may lead somewhere in hopefully SPL offering shareholder clearer explainations and referenced articles / posters etc in announcements being on website and then later being unavaliable is a process across the ASX that has to be stopped. Anything referenced should have to he attached to announcement forever so it is avaliable forever especially when in biotech development can take years.
I hope positives come from ASX enquiries for shareholders and that companies are forced to present information and explaination in a basic format that allows retail investors a opportunity to understand its significance. If it is significant enough to be announced market sensitive then is should require significant commentary to say why it is significant regarding $ or progress and particularly timeline.
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