"Should they know that they can't access any information that isn't already in the public domain?"
Let's have a look at that statement (and it's inferences):
It is not illegal to contact the company and ask for them to publish an update. It is illegal, however, if the company provides information to an individual (or group of individuals) that is not in the public domain and where it could reasonably be assumed that the information could influence the share price. for more information please refer to ASX Listing Rules Guidance Note 8 (see: https://www.asx.com.au/documents/rules/Guidance_Note_8.pdf)
To insinuate that it is illegal to contact the company and ask them to publish an update is slanderous. And that is illegal. For further guidance, have a look at information published by the Australasian Legal Information Institute (for example - https://www8.austlii.edu.au/au/journals/WAStuLawRw/2017/1.pdf which talks about equal access to information, the concept of "possession", and the landmark case of Fysh v Regina which highlighted the need to couple awareness and possession, and the onus remaining with the senior officers of a company and not the general public). Happy to have that legal argument with you if you are up for it.
Perhaps stick to discussing the stock, rather than getting yourself in deep(er) water with such comments.
Trust that this clarifies.
Kit.
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9 | 755000 | 0.025 |
Price($) | Vol. | No. |
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