Hi BB
Who would benefit had management held back the announcement? Traders might have picked up half a cent here or there. Net benefit to the company of a share price gain of .5cents.....nothing.
Weigh that against the potential damage from a charge that they breached continuous disclosure regulations by not issuing the announcement as soon as practicable.
Why risk it?
BIG OPEN on the cards, page-18
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Last
29.5¢ |
Change
0.005(1.72%) |
Mkt cap ! $428.5M | |||
| Open | High | Low | Value | Volume |
| 29.0¢ | 29.8¢ | 29.0¢ | $539.5K | 1.834M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 15 | 214062 | 29.0¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 29.5¢ | 469318 | 5 |
View Market Depth
| Last trade - 16.10pm 11/07/2024 (20 minute delay) ? |
| IMM (ASX) Chart |