No argument from me on that point - it was supposed to be a technical update and we got all this additional commentary. And it wasn't of sufficient depth or substance to warrant a 4 week suspension from trading.
I'm of the opinion after the 4 week buildup, the only way that we wouldn't have got a similar market response would have been "Megabit chip achieved" - That, or the announcement leaps off the computer screen and gives everyone a wristie.
I agree with all sentiments here (except those who want to gawk at the car accident, crack the heads open and feast on the goo inside)
Tex - you operate like I prefer to - you take the information on face value and apply logic to it. Like you I'm still processing how they could go from "resolvable issue, starting in a few weeks." To, "Hey, we're off to the lab now see you in 9 months." our timelines are totally wrong.
The disappointing thing for me is, after all that time in suspension, they should have been able to express the outcome of the trading halt and what it means. There should have been a webinar to deal with the investor backlash.
SP means less to me - I'm not dependent on the payback and good CEOs shouldn't operate with one eye on the SP all the time - it never works - especially at the moment - markets seem to defy logic on the back of good announcements at the moment, let alone the bad ones.
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