The announcement that Aytu released was old news, and it was...

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abitlikeme

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11/03/19

12:25

Post #: 37719011
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Originally posted by Buckland: ↑

If in fact the deal between SUDA and Magna being transferred to AYTU caused the 44% rise in AYTU share price would one think that this at least required SUDA to put out an announcement about the change.

And considering that SUDA hasnt bothered to keep shareholders up to date again what is ASX and ASIC doing shouldnt they be requesting SUDA to put out an announcement.

Seems to be a big failure on SUDA, ASX and ASIC in not ensuring what appears to be something which requires announcing under(Continuous Disclosure Policy)

CORPORATE GOVERNANCE

The Directors of SUDA Pharmaceuticals Ltd (SUDA) are committed to enhancing shareholder value by conducting the company’s business ethically and in accordance with high standards of corporate governance.
The SUDA Board guides and monitors the business and affairs of the company on behalf of the shareholders by whom they are elected and to whom they are accountable. The Board believes that good corporate governance practices protect and enhance long-term shareholder value.
The SUDA Board complies with best practice corporate governance, as outlined by the Australian Securities Exchange (ASX) Corporate Governance Council Principles.
Risk and Audit Committee Charter
Board Charter
Business Code of Conduct
Corporate Governance Statement
Share Trading Policy
Nomination Committee Charter
Human Resources and Remuneration Charter

6.4 Continuous Disclosure Policy and Corporate Communications PolicyThe Company recognizes the importance of its relationship with shareholders and understands the importanceof communication with them in accordance with the requirements of the ASX. For this purpose, the Companyhas two policies, one for keeping shareholders up-to-date with Company information (CorporateCommunications Policy) and one to ensure it is compliant with the continuous disclosure obligations of the ASX(Continuous Disclosure Policy)

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The announcement that Aytu released was old news, and it was covered by Suda in various ASX announcements.

The problem here is that Ayuta never released an announcement at the time.

And it's beyond me why they never released this before, and why their market reacted the way it did. Stupid yanks.
Last edited by abitlikeme: 11/03/19

SUD Price at posting: 0.5¢ Sentiment: Buy Disclosure: Held
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The announcement that Aytu released was old news, and it was...

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