In a compliance update dispatched late last week, the ASX firmed up its guidelines to stamp out the over-exaggeration of gains from customer contracts and also announced immediate changes to rules governing the disclosure of information about Company directors as well as information supplied in annual reports.
The exchange said it would crack down on companies that announce contracts with major global customers that lack details; that don’t mention the contract is conditional or subject to a trial period; that include loosely derived revenue projections; that aren’t updated if the contract is terminated; or are presented as material or with other “superlatives” when they are not.
https://www.channelnews.com.au/asx-...-they-had-no-jv-with-suspended-video-company/
The listing rule change would be why the ASX are asking questions. If everything is in order then there won't be a problem here.
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