I posted late last year about the rules regarding price sensitive announcements on the ASX.
From memory, the test is, 'Would an investor reasonably expect the announcement to affect the share price?
Well hello!
You refer to SkyWater-essentially a start-up fab.
Yet the SP took off on the announcement.
The DBHitek announcement-a Tier 1 with massive customers/clients certainly would have met the 'reasonable investor' test.
The CEO of WBT notified the ASX that the announcement was price sensitive. The ASX agreed.
So at what point and by whom was the decision altered-and at the behest of which parties?
Doesn't seem reasonable to me.
I wonder if there is an unhealthy relationship between elements of the broking fraternity,financial publishing and indeed elements within the ASX?
Mere speculation you might say, but under the circumstances, not an unreasonable line of thought.
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