Hi All, I'm new to ESG and OPTIMISTIC about the future of this company. I have been following this thread closely. However, I want to raise an issue which I hope someone can answer:
It is of my understanding that ASX Listing Rule 3.1 and section 674 of the Corporations Act expressly forbid the witholding of market and price sensitive information. This is what is known as the Duty of continuous disclosure in where a company is required by law to disclose immediately to the market (the ASX), any information which a reasonable person would expect to have a material effect on the price or value of the company's shares. Not doing so may result in the matter being taken up by ASIC and I am assuming the company gets fined..
So if this IS the case/law, is it really feasible that ESG would be withholding a positive announcement so that it ties in with the last week of the SPP? Surely an announcement (both positive or negative) must be disclosed to the public as soon as it is known.. Any thoughts would be welcome.
ESG Price at posting:
86.0¢ Sentiment: Sell Disclosure: Held
