NZX are using the same wet bus ticket on themselves as they use for anyone else... Cannasouth and Blackwell etc etc...
Originally Posted by KJMLimited
NZX haven't covered themselves in glory with their comms. They are quick to jump on listed companies when disclosure rules are breached, especially those continuous disclosure rules around material information. Is this event material? It would have to be IMO. NZX Regulation needs to be asking these questions of NZX management. Confidence in the integrity of the market will take a knock so that's FMA territory so where are they? Let's hope for a fix today as if not the outcome will be 1 full days trading out of 9 days (Saturday 22nd to Sunday 30th). That is a long time in modern-day investment markets. What if there had been a Covid-19 negative development in that time?
SPEND SOME MONEY AND GET S😈😠T RUNNING.Its beginning to look like a third world market.Its been pathetic for some time,last few days is just the icing on the cake!!
Fingers crossed, I'm not taking any money on how long it stays open
To: Market Participants
From: NZX Limited
Date: Friday, 28 August 2020
Subject: Markets to open as normal Message:
NZX’s markets will open as normal today, following ongoing work to put in place additional measures to maintain system connectivity, and address the severe DDoS attacks from offshore this week. NZX has been continuing to work with its network service provider, Spark, and national and international cyber security partners, including GCSB, to address the recent cyber-attacks. NZX has been in close contact with market participants, and appreciates the support and level of understanding during the periods of disruption to trading. ENDS
Imagine if the government and AIR had wanted to get a $1b capital raise via a placement and rights issue underway last week. Who would take a placement when the market presents such liquidity risk? It would have been impossible. That's why NZX need a good roasting and may still be vulnerable if capital raisings migrate to the ASX.
Has the NZX been hit again. No trades today so far and they are showing this message "The open of the NZX Main Board and Fonterra Shareholders Market has been temporarily delayed.
Further information will be provided shortly."
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