Ann: Response to ASX Price Query , page-7

In fairness to ASX and listing rules.

They do set minimum standards for companies to adhere to in order to keep the market reasonably informed.

They can not order companies what else to release to the market, unless it is required by the listing rules.

The detail adf asks for would be nice to have, but it is not ASX job to force it out of them.

They ask for financial statements so shareholders can be sure that company is solvent and can carry on its business.

They require the company to inform public through ASX announcement about any changes or developments that could affect the share price.

But they can not make the company to do more, like explaining why some deadlines have not been met, or why some projects failed or did not eventuate.

That is between the company and its shareholders. If there is any breach of legal codes or possibility of illegal operations, that is job for ASIC.

But if the company is treating its minority shareholders with contempt, I do not think there are laws to protect them.

They just have to vote with their feet, cash their chips and look elsewhere, where they may be treated with more respect.