Did brazil withdraw, page-4

From our 27 December announcement:

“The initial launch of the service will be to the customers of our Brazilian partners SOL Telecom and CCSTV before the national expansion of the service.”

This is the state of play, and the plan moving forward in one concise sentence as of ~1 month ago.

From 31 Jan quarterly activities report:


Nick Fitzgerald advised “We have had a lot of interest from people taking advantage of the 30-day free trial. As a result, we are now in discussions with a number of ISP’s who are interested in our product. While it is still early days we believe we are now on the right track in Brazil.”

~1 week ago we were given a full steam ahead update, and told that there has been additional interest in our service.

IMO, unless anyone can provide any contrary evidence, we can expect to be coming out of this trading halt with an announcement confirming that “national expansion” has/is occuring, most likely via the “number of ISPs who are interested in our product”.

The plan has been laid out very clearly 1 month ago, and confirmed to be on track 1 week ago. Coming to any other conclusion at this is point just a stab in the dark, we have been told exactly what to expect.

Yes, anything can happen. But to go from announcing great interest, to announcing that our client, to whom we have only just begun delivering a service, has pulled out is BS. Just glad we are suspended so this drivel isn’t able to impact anybody’s decision to buy or sell.