It would seem realistic based on previous trading halts from SYT and other stocks in the sector that the delay is a result of the more stringent disclosure guidelines from the ASX in relation to supporting documentation before re-listing.
The ASX is concerned about its legal liability and disclosure requirements following the fallout of Get Swift, Bigun and co.
They would rather discourage tech stocks from flying high and listing than be faced with the possibility of a law suit from disgruntled investors.
IMO, tech stocks are now being penalised for signing agreements. It’s almost like they have to prepare a prospectus for each announcement.
Here is my take. The announcement will be a huge positive in line with the 2 previous announcements. Hopefully a further expansion of International Traveller. It will have nothing to do with Verizon.
My prediction is that International Traveller will be disruptive and will go viral by Dec 2018.
The CSP will continue to broaden its global integration.
SMART will rollout our CSP with their RoamFree app shortly.
The increase in International Traveller usage will drive Overpass and Dataglex subscriptions. They are complimentary products.
Onwards and upwards.
GLTAH,
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