JASDAQ has received the most recent report from NOVA
October 19, 2007
By Ken Worsley
On it’s web site, the JASDAQ stock exchange has acknowledged that it is in receipt of Nova’s latest report detailing how it intends to strengthen its business and its public disclosure systems. Nova is also supposed to explain the strange transactions that have been going on with its shares. The report itself seems little changed from what was previously rejected by JASDAQ two weeks ago.
Nova says that it plans to disclose information in a timely manner, strengthen its internal disclosure systems, and establish a system for collecting information. It also pledges that it will be able to share important information in “real time” (リアルタイム) from mid-November, without defining what that katakana term might mean.
Japan Economy News has reviewed the report and rejects it. No word yet from JASDAQ.
Filed Under Business, Nova, Services
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how can a company be traded publicly for ten years and suddenly claim that its president was not aware of his responsibilities to disclose information about the company in a timely manner? The fact is that they engaged in insider trading, and if they were to disclose what actually happened with the 8 million missing shares they would be delisted in a heartbeat. They have to keep the charade going as long as possible to avoid that. Hopefully JASDAQ will see through it.
What I want to know is when JEN is going to delist Nova.
Ken, you are my light in shining armour at the moment as it seems you are the only person giving NOVA any real information. I would like to thank you for that and ask you to keep posting what the hell is going on.