From David M., page-84

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valladium

9 Posts.

13/04/18

01:01

Post #: 32424400
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Originally posted by Coit ↑

That's a lot of questions

Surely continuous disclosure obligations are not in play when trading is suspended. The reason for continuous disclosure is to level the playing field.

You sound concerned. See if this helps

There are two scenarios.

BUD has not tendered it's response

BUD has tendered it's response

Under Scenario 1 - Why would you expect them to keep announcing that they are working on the response? That is time and effort and entirely unnecessary. Trading is suspended - simple.

Under Scenario 2 there are two possibilities

2.1 - The response has been accepted
2.2 - The response has not been accepted

We DO understand why it is not 2.1 don't we?

If it's 2.2 there are another two options

2.2.1 - BUD works with ASX to help ASX understand why it said what it said and / or help BUD understand why it should not have said what it said. Both remain silent until the matter is resolved and trading remains suspended for the precise reason suspending trading was introduced - to protect the flighty and ward off the vultures

2.2.2 -BUD spends time and money happily announcing to the market hey we sent them a response and they keep rejecting it but we'll try again.

So would you prefer the situation you are in (Scenario 1 or 2.2.1) and continue to worry

OR

Would you prefer to be in scenario 2.2.2 and continue worry - just worry even more

Me I simply wait until it's resolved and a full and proper explanation is tendered to the market.

In the meantime OHM's seem to be keep on being installed.

Don't forget this is all about compliance with ASX rules and regs - nothing to do with the success or otherwise of the business as it has no impact other than potential executive distraction.

Remember what Wazza says about the market being closed for 10 years.

Footnote: If you are a trader then it's part of the risk you take. No empathy from me.

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@Coit the eternal optimist. There is no problem here with this stock (wishful thinking) it’s just the limited resources of the ASX picking on a well managed company..... The slow response by the company is a good thing.... A lot of penny treadfulls have received aware notices, let’s take solice from this and compare these companies to BUD....

Any questions on this thread are met with criticism.

@Coit the true believer who has invested all his lunch money and/or life savings.

You go Coit you true believer, the smartest person in the room!
BUD Price at posting: 16.5¢ Sentiment: Hold Disclosure: Held
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From David M., page-84

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