ODA

3.85%

13.5¢ orcoda limited

SMA unfortunate position, page-4

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ConcerndCitizen

560 Posts.

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02/10/17

14:33

Post #: 27597090
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Originally posted by TradeX8 ↑

IN MY OPINION the directors have not been open and honest about the state of the lotteries partnership and the last announcement on the lotteries in Sept 2016 Bryan Carr advised the market further updates would be coming.

Carr Stated " I look forward to update shareholders on the progress of our lotteries partnership over the coming MONTHS" 15 September 2016

It has now been over 1 year, not months and NO REAL announcement on this side of SMA business has been forth coming.

The Directors should be more TRANSPARENT and PROVIDE shareholders with the TRUTH not just sweep things under the carpet

ASX and ASIC should make it mandatory that if a company announces a deal they should have to provide explicit updates on the progress of these deals so shareholders ARE FULLY informed on the status

NOT HAPPY NOT HAPPY with the directors of SMA

If the directors continue on their path of issuing shares to fund losses and the sales revenues do not increase substantially soon I can see SMA trading much much lower.

Expand

Lotteries were given a mention 2 months ago in the June quarter report, and also 8 months ago in the December quarter report.

Whilst there is no official advice regarding the official re‐launch of online lotteries in China the company continues a watching brief on the lotteries sector and has positioned itself to service the requirements of this sector when the position becomes clearer.

What more can really be said about it? It's not part of their current plan.

Last edited by ConcerndCitizen: formatting 02/10/17

SMA Price at posting: 0.5¢ Sentiment: Hold Disclosure: Held
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Last 13.5¢		Change 0.005(3.85%)		Mkt cap ! $22.83M

Open	High	Low	Value	Volume
13.5¢	13.5¢	13.5¢	$807	5.981K

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No.	Vol.	Price($)
1	3740	13.5¢

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Price($)	Vol.	No.
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No.	Vol.	Price($)
1	3740	0.135
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0.155	10131	1
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