A founding principle of commercial dealing is to keep stum about what is being done until one has a deal to announce. Do some of you guys honestly believe that management should inform the market about the status of commercial negotiations? It just isn’t done that way. Indeed one of the carve outs to the disclosure obligations under the ASX Listing Rules is if a commercial deal is incomplete, there is no requirement to disclose.
Why does anyone really think we should be kept apprised of where negotiations are at. Really!
Let’s be sensible and realise that the trial outcomes that drive approvals underpin the future dealings.
Simples!!
A founding principle of commercial dealing is to keep stum about...
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