Clearly I am only speculating on the nature of the ASX enquiries, all will be revealed soon, hopefully by Wednesday as a suspension would wipe the base we’ve built on the buy side.
It is incumbent on the company to provide accurate details and comply with ASX listing rules, not for the ASX to sign them off prior to market release. Obviously that would take the ASX weeks and require an army of lawyers. The pre-release process imo is just an admin process. The market would likel question the particulars of a announcement and the ASX would investigate. If it was the ASX role to sign off every announcement they would be liable for any misrepresentation of an announcement.
Here’s a recent example of an announcement from another company the ASX queried about revenue announcements post release
“Following consultation with the ASX, the Company hereby retracts this statement as it is a hypothetical statement about grades, production targets and forecast financial estimates which is in breach ASX Listing Rules 5.16, 5.17 and clause 51 of the JORC Code relating to in ground financial valuations.”
TV2 Price at posting:
1.0¢ Sentiment: Buy Disclosure: Held
