Originally posted by Howard Ino
If there is an OEM deal , and the Live Iq are being released within the next 12 days, that means they haven't told us about the deal.
Which is bullsh.t treatment.
If there is no OEM deal, and they've gone ahead with initial production without telling us, then that too is bullsh.t.
Either way not impressed. ..
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
(20min delay)