Excuse me for saying so but to suggest that a company makes an...

Excuse me for saying so but to suggest that a company makes an announcement because a shareholder asks for it is way off the mark.

They have a statutory obligation to make FACTUAL announcements within the time guidlines. The pie board would view factual information as something they have in writing. If they did not have the trial continuance confirmed in writing they would not announce it.

Also suggesting that wording an announcement in a different way would have made a difference is pure conjecture. The only way this could be tested effectively is to turn the clock back and make the single announcement in that manner. The pie board will be wishing they had that luxury but the fact is they were adhereing to god corporate governance.

Also if TNZ are still keen then the pie directors would be restricted from buying stock unless they announce first. They may not even be allowed to participate in a rights issue unless all material facts have been announced to the market.