RE:RE:Just a thoughtIMO this is a ridculous claim... An AGM includes persons not bound by securities regulations or professional responsibilities regarding their trading activity or sharing of news... so
How could market-worthy news could be released at an AGM without an NR or Halt in trading! While interesting tidbits of information could be gleaned, augmenting the understanding of prior announcements, if a question/answer produced new material facts that would oblige the company halt trading and prepare an NR as a consequence. IMO
nacrbk2 wrote: GRAMPS1996 wrote: halt the stock before AGM and bring out blockbuster news at the meeting that would work well imo .
The company would get in trouble if they did that. Usually the contents of an AGM aren't released for days or weeks after so that would mean a small group of 20 or so shareholders would have a leg up on material news that could effect the share price. Companies are required by law to hold a once a year gathering where shareholders can meet the directors face to face and vote on whether to renew their terms of employment along with their proposals for the coming year. I stress their proposals not shareholders showing up with a basket of ideas.