OAK 0.00% 6.2¢ oakridge international limited

Ann: Update on Media Intelligence Co. Pty Ltd, page-41

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  1. 240 Posts.
    Currently the revenue stream and operation cost of MIC is small, if there are significant financial issue in this area (i.e. operating cost is more than $500K p.a), given XPE are majority holders, they can redirect the technical sources to work on other projects within Jemsoft but as long as MIC are self funded or if even operating at a small loss (i.e. less than $100K p.a.), I think XPE will let them operate as BAU.....as they could bring more revenue as indicated in the announcement to cover their costs.

    But IMO, this wasn't that significant price sensitive announcement (as other are trying to lead to believe) given the revenue and operating cost of MIC, hence it was released out of market or maybe she only decided on the decision late Friday?
    Last edited by Stuie1977: 17/06/17
 
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