RE:RE:RE:Too much money invested Please see the ChatGPT findings about the question here:
"HKEX IPO restrictions in terms of communication from management" -Y "Quiet Period"
I left the rest of the answer in here for tranparancy resons.
Like i said multiple times before. I did not know that such restictions exist. I did not know that Mgm would struggel so hard with the IPO and would need 4 listing runs. The Mgm didnt make any effort to explain to us small investors on why they went silent for 2 years, despite growing cash positions and stable business model. I believe the small share holder mayority was sufficiently informed.
The IPO is over. MGM is free to do anything, and shareholder majority is free to demand anything. Cash, earnings and businessmodel only have improved since the start of the IPO process.
I was bullish based on the balanced sheet since share buy back 1. I was dissapointed because i did not know better and mgm gave a f##k imforming us small investors of whats really going on.
Now i am bullish based on the balance sheet and also because of IPO restgrictions are done. This are solid arguments and reason. You can have other opinions of course but there is no other way than to acknowlgde that that my arguments and reasons exist.
Unfortunatly, the only reasoning you provide is baseless nonsense. I am not attacking your opinion, i am questioning the reasoning and the way you argue. (I mean Armitage)
There was good reason for strong shareholder value with one show stopper - IPO. The IPO is gone. There is no better time to be excited than now.
AGM PRG 26.06
AGM PRG Items 26.05
Q1 PRG 15.05
AGM MJS 11.07
AGM MJS Items 11.06
the risk of holding a little bit longer is minimal. The chance of massivly improved shareholder value is really high. If you dont really really need to sell. Wait till the AGM MJS items are published around 11.06.2024
best
Richard
ChatGPT
In terms of communication from management, companies listing on the Hong Kong Stock Exchange (HKEX) are subject to certain restrictions and guidelines, primarily aimed at ensuring transparency and fairness in the IPO process. Here are some key points regarding communication from management during the IPO process on the HKEX:
Disclosure Requirements: HKEX requires companies to provide extensive disclosure of information related to their business, financials, and risks in the IPO prospectus. This document serves as the primary source of information for potential investors and must comply with the requirements set forth by the HKEX and the Securities and Futures Commission (SFC).
Quiet Period: Typically, there is a "quiet period" preceding an IPO during which the company and its management refrain from making public statements or engaging in promotional activities that could unduly influence investor sentiment or provide selective disclosure of information. This quiet period helps maintain a level playing field for all investors.
Regulatory Compliance: Management communication during the IPO process must comply with HKEX and SFC regulations regarding fair disclosure and preventing the dissemination of false or misleading information. Any statements made by management must be accurate, complete, and not omit material information.
Selective Disclosure: Companies and their management teams are prohibited from selectively disclosing material non-public information to certain investors or analysts. All material information must be disclosed to the public in a timely and fair manner.
Roadshows and Presentations: While roadshows and presentations to potential investors are common components of the IPO process, companies must ensure that the information presented is consistent with the disclosures in the prospectus and does not contain any material information that has not been previously disclosed.
Media Communication: Companies must exercise caution when communicating with the media during the IPO process to avoid inadvertently disclosing material information or making statements that could be construed as promotional or misleading.
Post-IPO Communication: After the IPO, companies must continue to adhere to disclosure requirements and regulations regarding communication with investors, analysts, and the public to maintain transparency and fair market practices.
Overall, HKEX imposes strict regulations on communication from management during the IPO process to uphold market integrity, protect investors, and maintain confidence in the Hong Kong capital markets. Companies and their management teams must carefully navigate these regulations to ensure compliance and avoid regulatory scrutiny.