all the talk of birds I have to show you the bird which came into my garden today.
The real crunch is in the following:
IN BRIEF
- ASX recently advised that “ramping” announcements are on its radar and that companies making them risk suspension from the ASX.
- “Ramping” announcements are designed to increase a company’s share price, rather than to inform the market. ASX has observed that these types of announcements are often disclosures about customer contracts.
- Companies should be aware that ASX is maintaining its spotlight on the disclosure of customer contracts, following its related guidance issued late last year on this topic.
So a company such as Brainchip takes the risk releases on the ASX then retrospectively has the ASX rule on their notice and decide that it is ramping and suspends them.
The reason to take the risk being some short term price improvement with a downside of suspension from trading.
If they put it up as non price sensitive the MF’s of this world can broadcast to all the world not price sensitive no money in this it is another fluff announcement.
Loose, loose, loose every way you look at it. The downside of suspension from trading outweighs a non price sensitive ASX release.
I can guarantee that any lawyer would faced with the risk reward involved advise every client not release on ASX make it a press release no downside.
Release on the ASX and you could be suspended and shareholders could sue you for negligence.
All this lay opinion takes us nowhere.
Tony Dawe and the two Australian Directors have recently had a meeting with the head of the ASX trying to get guidance and the response was if you were non compliant we would tell you and until we tell you otherwise you will remain so. No help just we will punish you if you get it wrong.
So who here wants the company to risk suspension with their fingers crossed for a short term price movement when a press release is no risk and just like Mercedes Benz non price sensitive announcement can drive the price if the market likes the news.
Most ordinary retail have never heard of ARM.
The tech savvy will be reading ARM’s Twitter and the technology mags and blogs and understand.
My opinion only DYOR
FF
AKIDA BALLISTA
ARMe's for the poor, seems to fit, somehow here, maybe not.
Akida Ballista
ARMen to that.
My opinion only DYOR
hotty...