So another possibility that could impress us @howard Ino is they already have an OEM deal with another entity but there is a non-disclosure agreement that prevents Nuheara announcing it until the other party is ready.
Having looked at Listing Rule 3.1 we (Credit to JW) found:
The ASX provides duty of disclosure,as follows:
Exceptions to duty of disclosure. If, one of more of the following are met:
- it would be a breach of a law to disclose the information‒
- the information concerns an incomplete proposal or negotiation‒
- the information comprises matters of supposition or is insufficiently definite towarrant disclosure‒
- the information is generated for the internal management purposes of ASX or‒
- the information is a trade secret; and
- the information is confidential and ASIC has not formed the view that the information has ceased to be confidential; and
- a reasonable person would not expect the information to be disclosed.
https://www.asx.com.au/documents/about/LR-3.1-Policy.pdf
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