OAK 0.00% 6.2¢ oakridge international limited

Ann: Results of Meeting, page-168

  1. 564 Posts.
    lightbulb Created with Sketch. 41
    Oh I agree - I would have loved to hear more news over the past year. And yea - I certainly wish we weren't raising at such low levels. And yea I also agree - it will be annoying if it comes out after a raise happens - and of course that would raise some eyebrows as well.

    However - none of that negates any of what I said - that plain and simple, it's illegal to trade on undisclosed material information - and if caught, it carries stiff penalties. No matter who else may or may not be doing it etc. AND it's a fact at this point that they are sitting on material undisclosed information.

    Either the deals are progressing well and will likely be signed (material revenue stream to come) - or they are failing and likely won't be signed (material because there's a decent expectation for them to come at this point). So IMO - legally, directors probably shouldn't be buying or selling on market at the moment.
 
watchlist Created with Sketch. Add OAK (ASX) to my watchlist
arrow-down-2 Created with Sketch. arrow-down-2 Created with Sketch.