Ai-Media Technologies Limited (AU:AIM) has released an update.
Ai-Media Technologies Limited has addressed a query from ASX Compliance regarding unusual trading activity in its securities, affirming no undisclosed information is influencing the market. The company noted that recent trading could be attributed to a blog post by Nick Maxwell, which was subsequently promoted by fund manager Ron Shamgar, revealing an investment by TAMIM Asset Management. Ai-Media confirms its compliance with all listing rules and has no further explanations for the trading activity.
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