Ann: Trading Halt, page-306

I agree.

You can clearly see from the reaction of the share price, some knew. And its likely some were using the information to profit, which is illegal under ASIC laws.

A proper investigation is warranted to restore confidence. ASIC must conduct an investigation IMHO.

The proper thing to do, was call a halt, followed by a suspension.

That would have stopped any possible insider trading from 2nd December onward until the DFS.

And they would still be able to raise.