Ann: Trading Halt, page-62

Yes - the issue here for YOW is that:
- YOW has a history of not achieving its stated sales goals
- s/h and mkt now have an expectation that its stated sales projections will not be met
- As a general observation, Trading Halts wrt "update to revenue guidance" is usually a downward revision.

But, the ASX Rules demand that coys provide Continuous Disclosure.
They must disclose material info, and/or price sensitive info that a reasonable person would expect to be released to the mkt in a timely manner. Thats the bottom line.
Point here is, that material info would relate to both a revision of sales Upward or Downward.
And It needs to be material.

For the reasons above, we are all nervous, and are wary of a downgrade.

But as donegaldemon says above, there are plenty of reasons WHY we can expect an upgrade, not a downgrade.

Yes the revelation of a sales guidance upgrade may have been prompted by the S249D, but I don't care - as long as its up!

I expect the reasoning to be proffered by board, as the reason to release the info now, instead of waiting for the Qtrly to be announced at end of January, is the fact that YOW will be sending out the Notice of Meeting material next week. Thats the timetable required by Corps Act.

So YOW will be opining that shareholders will be asked to vote on a major change in control of Board (which it is), and as such we need full info, timely info and publicly available info, in order to properly consider the merits of the proposed Resolutions.
ie shareholders will need to know just how well YOW is tracking, in order for s/h to properly decide who to vote for at the upcoming Gen Meeting.

Maybe the Board believes that the requisitioning shareholders possess info that we do not have - such as the up-to-date sales info? So the current board needs to ensure that we all have the same info.

Why would we spill the existing board and M/D off the board, if the current board and M/D have actually been able to turn-around the performance of Yowie??

That's why I reckon we will get a surprise (to the upside) with this updated revenue guidance.
cheers