Fair enough. I would have thought a speeding ticket would be issued relatively quickly . I am not sure how early ASX sends them and how fast before a company announces them, but given we have seen nothing today my inkling is none will have been issued?
Given that I still thinkt he company coming out and addressing the share price drop with maturity i.e. look, we're still plugging away at all these deals with no material change that we have encountered to cause the share price drop, etc etc. then if the market chooses to react negatively so be it. But more importantly for holders (those willing to hold on) it would at least be some reassurance that things are ok.
Imagine if the share price fails to rebounds tomorrow and heads below 4c... it will burn alot of longer term holders and those who panic sell. They may or may not be right if so, but at least an email re-iterating past knowledge would help to clear the air.
I can see your counteragument for why not... tbh I'd rather info than a lack of complete silence ... from 6c down to sub 4c would, if you ask me, warrant an explanation to your shareholders.
purely TA theory posts, page-416
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