"It's just that their silent approach while they have been working on so many projects surpresses the share price. That is a decision."
The decision to disclose information has always and will always be dependent upon the extent to which the information is material to the business, period. To expect anything to the contrary would not be permitted by the Board of Directors and particularly the independent directors. The fines and further penalties (including potential visits to the Crowbar Inn) are too punitive.
McWitty, to suggest or imply that management is suppressing the share price by withholding material information is just wrong in this case regardless of how well read you say you are or imply.
Clearly, being well read has not included the chapter on Corporate Governance nor has it provided direct involvement and experience at the board level of a publicly traded company, but please, continue with your reading.
Hogan