R08, the reason I asked about the top 20, is that if William [Tim] Clark only holds <5% he does not have to report sell/buys. If he holds >=5% then he must report movement of >=1%
On the application to wind up……….
Quote from an ASX listed company that was suspended at the time of the announcement….
I have highlighted the relevant words……in red
And the company said they became aware on the 26-Aug-2016 the day the notice was posted on HC by regular posters, it was too much of a coincidence to be anything else, but then why didn’t they know earlier?
“AusROC Metals Limited (“AusROC” or “the company”) became aware yesterday that a notice of application for winding up order has been commenced by Professional Public Relations Pty Ltd (“PPR”) on 31 July 2015 and is due to be heard in the Supreme Court of Western Australia on 15 September 2015. AusROC has been involved in an ongoing dispute with PPR over this matter for some time and are currently in negotiations to resolve the issue and don’t expect the matter to proceed. In the meantime the company will keep the market properly informed on the matter in the upcoming weeks.”
[[which they did]]
A company with the history of ARK can inform the market, why don’t AYB do the same?
Something like an application to wind up will affect the SP and or value of the company, especially if the market has no idea of why this has come about.
AYB person who monitors HC, don’t you think that you have an obligation to inform the market officially?
ASX quote –
Listing Rule 3.1, which sets out the requirement of continuous disclosure under the ASX listing rules:
“3.1 Once an entity is or becomes aware of any information concerning it that a reasonable person would expect to have a material effect on the price or value of the entity’s securities, the entity must immediately tell ASX that information.”
