BOT 1.41% 35.0¢ botanix pharmaceuticals ltd

It's been mentioned that there is the possibility of a Trading...

  1. 582 Posts.
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    It's been mentioned that there is the possibility of a Trading Halt prior to the Webinar. The chance to buy in before such a halt is narrowing in the extreme. Good luck everyone.

    I'm leaning on chatGPT here but the need for a Trading Halt can be the following:

    • ASX Trading Halts: Companies can request a trading halt for up to two trading days, which is often done before major announcements, shareholder updates, or significant transactions.
    • Continuous Disclosure Rules: Under ASX Listing Rule 3.1, companies must disclose any information that could affect the value of its securities. A trading halt allows them to prepare the announcement and release it to all investors at the same time.
    • Market Sensitivity: If the shareholder update is expected to include information that could lead to significant price movements, such as earnings revisions, major acquisitions, or leadership changes, a halt is more likely.


    Trading halts in Australia help protect investors by ensuring that all market participants have equal access to important information at the same time.

 
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