Very surprised to hear that Blue Sky Alternative (BLA) is under potential class action for misrepresenting its asset under management (grossly inflating) and its performance and collecting fees in excess of its entitlement. This one appears to be heading towards ASIC investigation similar to BIG.
Yowie (YOW) is under potential class action from Gadens for possible breach of continuous disclosure rule after substantially downgrading its sales guidance.
CIO still remains under suspension for not yet disclosing or substantiating recently announced deals.
BUD suspension moved from voluntary suspension to one imposed by ASX with no disclosure on the nature of why BUD failed to satisfactorily respond to ASX and in what respect that failure relates to.
.....companies have to be very CAREFUL what they disclose and what they don't (but ought to) and I think the ASX disclosure framework is not precise enough ...the risk premium seemed to have moved up a notch higher with small cap investing.
