You know what happens when you assume.
I highly doubt that the ASX delayed the announcement because AUZ included the word "binding". That would be stupid - why would the ASX not let them announce the word "binding" if it was binding? Far more likely the ASX shut them down because the announcement was factually wrong (eg. included not only the SK deal, but also grand hopes without any substance), or of insufficient detail.
I know that the trading halt said "binding". I know that the final announcement seemed a bit more general. I know that the ASX have no problem with other companies using the word "binding" when a deal is binding. I know that our company has stuffed up this entire annoucement in 10 different ways. So did the ASX censor AUZ, or did AUZ stuff up an 11th way?
@gns - I'm aware the ASX are a publicly-listed business. They're in the business of regulation. I was pointing out that they aren't public servants (ie. government). ASIC are both government and regulators. ASX are non-government and regulators.
@TraderRic - I'm fine with calling it a stupid miscalculation instead of a stupid mistake. Let's just agree that either way, it was stupid and in breach of the ASX listing rules.
@7benson7 I would be wary declaring obvious and large-scale corruption of the type you're describing. Large-scale conspiracy theories are possible, sure... But I'd say unlikely. I'm not saying that ASX are infallible, I'm just saying between ASX and AUZ, I think the blame on this monumental balls-up of an announcement process is more likely attributable to AUZ.
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