You just don't get it. Nobody cares if he meant to do it or not. That is not the issue. If you kill someone while drink driving it does not matter whether you meant to kill them or not. Whether it was wilful or due to incompetence does not matter.
If he could not update the market on time he could have called a trading halt until such time that he could. The law does not care for deliberate or accidental breaches of the rules. As such, he acted unlawfully whether he meant to or not. Period!
And it's not shareholders looking to blame him. ASIC have blamed him, the court has blamed him and he has accepted that blame - credit to him for not dragging this on any longer.
Ann: Trading Halt, page-14
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0.6¢ |
Change
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Mkt cap ! $1.673M | |||
| Open | High | Low | Value | Volume |
| 0.6¢ | 0.6¢ | 0.6¢ | $1.591K | 265.2K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 2 | 1084379 | 0.5¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 0.6¢ | 115724 | 1 |
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| HCT (ASX) Chart |