Perth Roadshow, page-27

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The Greenkeeper

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16/05/17

13:40

Post #: 24717519
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Originally posted by meerkat ↑

1. I don't believe the market will ever take to the idea that it's OK for a company to withhold the names of its clients. Traditionally a big part of what makes a company's sp strong is the quality of its clients - keeping such things secret undermines that possibility, so it's not in IAM's interest. Furthermore, if IAM is allowed to be secretive about such things then how many other companies would follow suit? The ASX IMO would be asking for trouble to allow such a thing. And think about the sham companies in the ASX (for that is what many are) who just pay their ASX dues and cruise along as lifestyle companies, they would use such secrecy tactics to maintain their continuing existence.

2. IAM can't avoid making earnings projections at some stage, unless they are going to say they are never going to give earnings guidance - again it's not in IAM's long term interest.

If IAM's clients insist on confidentiality then so be it, IAM should have nothing to do with them. If they have issues it's their problem not IAM's. Maybe everything should be 'portalised' to eliminate the necessity of having contracts with single big clients using some kind of distributed user system which though reportable didn't have the same impact on major clients? That's for IAM to work out, but allowing IAM to have secret clients is not the way to go.

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could delay mentioning client names be an option? say 12 months of silence?

IAM Price at posting: 4.0¢ Sentiment: Buy Disclosure: Held
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Perth Roadshow, page-27

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Perth Roadshow, page-27

Top Stories

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Red Mountain Mining: record gold prices, two projects, two greenstone belts

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