ASIC (just like the ACCC) is good at providing meaningless rhetoric like "we are looking into it" and "we will continue to look after the interests of investors/consumers".
Just look at customers of Telstra, Origin Energy, Vodafone, and clients of certain stockbroking firms.
There are continuous disclosure rules set by ASX AND ASIC yet when there was sensitive information that ASIC knew about (i.e. it's their investigation!) there was no disclosure until the price plummeted!
ASIC is in a position to know that the market would over-react (as it always does - in both directions) and the market would factor in the possibility that the project was at risk when there is no evidence to suggest this.
SDL Price at posting:
40.0¢ Sentiment: Hold Disclosure: Held
