Tossa26, what it means is that companies involved in raising money from sophisticated investors and those who have underwritten (promised to buy shares if not enough investors buy in) are prohibited by the SEC from releasing into the market "Research" reports, which invariably contain lost of positive spin and very high share price targets. This is part of the strategy called "Pump and Dump" which you may have heard of around HC. The purpose of this is to try and manipulate the share price upwards allowing those underwriters and sophisticated investors to sell into the market for say a quick 20% profit for (generally) minimal risk leaving the punter (you) who bought the shares on market to hold the risk from that point forward. Therefore the SEC and ASX allow this sort of market manipulation (as this is in fact the whole purpose of these exchanges) but they delay this activity in a weak attempt to disguise it. The underwriters and sophs will also buy on market to help things along before dumping out on you.
IMC Price at posting:
22.0¢ Sentiment: Hold Disclosure: Held
