I agree, it will be a weak quarter. If a 77k contract warrants an announcement then they must not have signed many/any? decent ones during the quarter.
Also, some might say the buy side bids above 2c are only there to ensure people take up their shares at 2c. Some might guess that the underwriter put them there because they were more interested in their fee than in the prospect of owning a chunk of the company. Would those be reasonable guesses? I do not know.
But I would not be surprised at all to see the shares trade below 2c later this week or sometime soon. In fact I am guessing that is what will happen.
Delaying the quarterly is a dirty trick in my opinion.
Ok. I still believe this company is worth a punt but it is a very very risky one. My frustration is less with this specific company and is mainly caused by the way companies on the asx are allowed to conduct themselves and treat their shareholders.
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