I'd venture to say it's because their announcements are really light on details and heavy on the sales pitch. Have they ever announced how many customers they have? How many signed up with Telstra? How many resellers they have and who are the big ones? Maybe they could provide some more details on revenue breakdown. When they start being specific and step out of the shadows the stock will rise. Well, provided the details are positive. Let's see what happens with the quarters report. Any ideas when it will be announced? Typically it has been done when people are less likely to be looking for it.
IWG Price at posting:
13.0¢ Sentiment: None Disclosure: Not Held