Look at SKN ... it is up 23% and volume in anticipation on news imo...HCT news... they haven't done anything.... and they are bottling 20,000 a quarter in Australia and low on cash... around half of our SP.... Don't know how but i am starting to feel i have picked the wrong horse...
We just took an order for $600k AU from SKN, $3.8M AU from our US distributor and are sitting idling churning lower volume... You would think we have a "tighter" register with directors owning 30%+ and less on offer all together....We could produce another few global contracts and imo it wouldn't matter.
imo there is a huge risk that a lot of punters won't even bother with HCT (including brokers/insto's) knowing that Acuity has a $5M overhang plus shares and this is just going to be strangled?
Directors don't know how to communicate to market so until that changes it will remain below 16c imo...
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