My guess is the government contacted IDT along with most other local TGA/FDA approved pharma companies as part of contingency planning to deal with shortages of various drugs caused by panic buying.
If you recall what life was like a month ago, everything was running off the shelves including Chloroquine. My guess is the government has paid a relatively small fee to have priority access to IDT's containment facilities, should the need arise. I'd also guess that any plans never needed to move forward due to the country's success in tackling the virus.
Seriously, if anyone is expecting a multi-million dollar order to materialize they will be disappointed.
I will be happy when they have an EPS of 1c/share but we won't get there this FY.
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Price($) | Vol. | No. |
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