I get the feeling last week was a bit of a flush out of holders who may have concerns.
The sell side got stacked and the share price fell on low volume. But a million or so got bought up on Friday before the sell orders disappeared.
I seem to remember that guidance for FY23 was originally $7 mill, so the $8.8 mill is the one exceeding forecast.
With the Mastercard payment due, sales from Emirates and others kicking in, and lower data costs, I am still hoping that cashflow is above expectation.
My main hope is them landing one of the long lead time, larger deals to really gain market interest.
I still feel $500k is too much, but I certainly can't fault Marc's transformational leadership and transparency. A rare combination alin the ASX.
Milesy
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3 | 915000 | 0.006 |
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3 | 3400000 | 0.003 |
Price($) | Vol. | No. |
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