General comments/chat, page-33511

Sorry about the formatting but I could seem to fix it. Below is a part of page 65 on the ASX listing rules regarding to ramping. I found it interesting and hope it helps a few people here.

7.10 Ramping announcementsASX is alive to listed entities making market announcements with a view to “ramping up” the price of their securities.293 Ramping announcements come in many forms, including: the release of a “business update” or something similar,294 which will typically be worded in an exuberant fashion but which on closer examination contains little in the way of substance that has not already been disclosed to the market; a series of announcements in close proximity, none of which is particularly material but which together are intended to pique investor interest in the entity; an announcement that has no substance but seeks to ride on the back of strong market sentiment in a particular sector;295 and an announcement that an entity has entered into what appears to be a material contract or transaction but without disclosing key information that investors and their professional advisers reasonably need to understand the materiality of the contract or transaction and to assess its impact on the price or value of the entity's securities.296The last example above occurs not infrequently in the context of announcements about customer contracts. Some examples that ASX has observed include an entity: announcing a contract with a major customer of substantial repute without providing any details of the nature of the contract or its significance to the entity (ie seeking to benefit from the association with the customer without providing proper disclosure); announcing what appears to be a material customer contract without disclosing that it is: a non-binding heads of agreement only and that material contractual terms have yet to be agreed;