EN1
@Quantum Torus let's see if retailers pick up they are being thrown a bone here ...
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They just extended the SPP till next Wednesday. Now give the SPP is at 16c, it would be a fairly token gesture to extend it a week for nothing
However, management are in Aus end of this week road showing to funds and brokers. They've recently announced an acquisition and 2 deals that add potentially $10M in revs
I suspect they've extended the SPP a week to drop a fairly large revenue upgrade later in the week. Would also give them some juicy news to promote whilst here. If they are predicting anywhere close to annual revs of $30M, then from a $40M cap they should boot and this will almost definitely get the SPP away
It closes next Wednesday, so they'd want to kick it into gear the next few days if I'm right
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- Afternoon trading May 29
Afternoon trading May 29, page-74
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