Interesting! Management has advised ASX that it knew that it had...

Interesting!

Management has advised ASX that it knew that it had information that could explain the recent trading (price increase on increased volume).

Surely that means that it was withholding information during that period and that it was related to the recent trading.

However, the response goes on to say that the company was in compliance with LR 3.1, which is about continuous disclosure. That being the case, the withheld information must not have been price-sensitive. But that advice does not fit the answer to the first question: t

hat it had information that could explain the recent trading (price increase on increased volume). Curious!!​

If the company believes that the info is not 'material' (despite the answer to the first question) and the TH relates to that news, then the TH news shouldn't be special.

That's how I read it!

However, if it is special, then management will have some serious explaining to do.