Well it will be very interesting to see if she actually releases an announcement as to whether or not they were successful in securing the $10 million. off contracts that were forecast in the Annual Report. In one sense they must be under an obligation to report, one way or the other because with a company with a total of $37 million in revenue for 2020, winning or losing must be considered material.
Equally, they underwent a cap raise and chose not to report the success or otherwise of the contract wins. Had they announced that the contracts were in the bag...then they could have raised at 3cps or higher...all very strange to me, but then I am not on the board and so what do I know.
EGL Price at posting:
2.7¢ Sentiment: None Disclosure: Held
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