Etherstack's announcement about the Samsung deal shot the SP through the roof and I would say many investors, me included, felt this would be a good investment with even the mention of their involvement with the Samsung giant...and people bought shares on this announcement.
That morning when ASX saw the incredible rate of increase in the SP, the ASX instructed Etherstack to clarify the deal with Samsung.
Etherstack amended their initial "good news" announcement with more clarity about the Samsung "deal" and the SP plummeted down once investors realised the first announcement was not accurate and/or "misleading".
My question here is are the directors of ESK liable for any misleading announcements....we have bought in good faith based on the announcement and are now facing a large loss.
I feel deceived and want recompense....is there a course of action available?
What does anyone else think?
Should the CEO and/or directors be liable for misleading announcements?
Etherstack's announcement about the Samsung deal shot the SP...
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Last
20.0¢ |
Change
0.000(0.00%) |
Mkt cap ! $26.37M | |||
| Open | High | Low | Value | Volume |
| 0.0¢ | 0.0¢ | 0.0¢ | $0 | 0 |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 2 | 248537 | 17.5¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 20.0¢ | 50104 | 2 |
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| Last trade - 16.12pm 04/11/2024 (20 minute delay) ? |
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