ADO 4.76% 2.2¢ anteotech ltd

AnteoTech renews AnteoBind contract with Ellume, page-28

  1. 535 Posts.
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    "ASX has no issue with a listed entity structuring an announcement about a particular transaction to avoid disclosing commercially sensitive matters, provided it includes sufficient information in the announcement to enable the market to assess the impact of the transaction on the price or value of the entity‟s securities. For example, in many cases, it will be sufficient to disclose the expected impact of a material contract on the entity‟s revenues (in the case of a customer), expenses (in the case of a supplier) or profit (in either case), without having to disclose the unit prices receivable or payable, or the volumes to be delivered or received, under the contract" ASX Rules


    .IMO insufficient disclosure of contract .Otherwise ADO should qualify its non disclosure as above . Management treatment of shareholders is akin to mushroom farming.
 
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