Sell side thin, page-113

I would say this is the case now. The ASX have now gone too far of course. Probably because they were left wanting on several occasions because they don't have the business skills set needed to vet things properly. A lot of tech companies cannot disclose the full terms of their deals for many reasons. A lot of contracts actually have confidentiality clauses. Companies some times don't want to disclose terms and prices for services. This can be the case for both the user and provider. I think they should be able to simply say that they have a firm legal contract for a total amount over a certain amount of time. The ASX is not allowing the market to be fully informed. What happens if people sell the stock before a qrtly report and then find out that the company actually did very well because of new contracts they were not able to disclose? How is the investor able to determine a companies financial progress? The asx expects companies to make guidance announcements if things are material, but why cant a contract be material? It's one of those areas where its very grey and investors will have to wait until the qrty's hit. I think CRO could be one of those companies.
If you read the presentation, you can clearly see they expect some big things to materialize during the qrty and on wards. I think people either take their word for it (it is public) or do what ever they want. I'm staying. dyor