Just to add onto
@SeeThru response
The Sentry deal did affect the SP
Day before the deal was announced we closed 3.7
On the day of the deal we closed at 4.3 which was our previous highs and knocked out a lot of the supply there into new hands.
Ofc as with any stock after a significant announcement there is a pullback in price unless it causes a complete re-rate (this MOU wasn't it but I have a gut feeling what's coming will cause a re-rate in the near future)
We are still trading 15% higher than pre Sentry Ann. Price is holding up quite well imo.
Or you can have a look at our moving average and notice it's in incline which gives the general sentiment we continue to trade at higher price ranges with time.
Now why will the next MOU affect the SP even more? Because it's with a top tier firm bigger than Sentry.
Yes at the end of the day it's an MOU but P.C said he will be quite surprised if Sentry doesn't go through with it, they've invested into a manager to overlook and manage the entire rollout. Would they do that for just a pilot and decline?
P.C also mentioned his and Mark R. close relationship with Sentry's CEO lasting 20years+.
Don't think they would screw each other over like that.
End of the day there is no friendships in business, the MOU works as Sentry's insurance policy...in case IAM was completely bluffing about there cost savings and product.
Cheers
