Shenanigans at play, page-23

I understand your frustration mate and I'm not happy with the lack of information or share price movements either but I'd urge you to keep your head in these volatile times.

I received a very encouraging email from McGovern yesterday arvo which I will share with you all to ease the jitters. His reply is a response to my concerns about lack of market communication primarily.

"Hi Angus

Thanks for the e-mail.

No honeymoon, unfortunately!

I understand and, indeed agree largely with your sentiments and we have an update prepared and ready to go highlighting some of the items you have raised.

I am in Singapore for the rest of the week but the market will be updated at some point this business week.

I understand the frustration, particularly given the propensity for elasticity of the share price to retail sentiment.

Whilst we understand the need for news flow, our focus is primarily on procuring telco partnerships, some of which take a little time between agreement in principal and final documentation.

To this end, we are confident in the position of the business even if we have to 'weather' some immediate volatility in the market.

Ultimately, these telco partnerships will determine the future rating of the company's share price.
But, as I mentioned, we understand and share the majority of your points and, notwithstanding anything else, an update will be in the market in the next couple of days.

Thankyou for your e-mail and we trust we can deliver some value for your shareholding.

Regards

Steve"

I think another announcement will be out this week to update us on the overall situation. I'm confident that management is working hard behind the scenes. Any guesses as to what Steve was doing in Singapore?