I though their disclaimer at bottom of announcements still saying they are in algae would have covered that. Good thought and you may be right but I can't work it out. If it was the case you would simply re-release the same announcement with an additional paragraph not go into suspension?
As you have probably worked out one of my pet hates is listed companies using unqualified random market size numbers in ASX announcements without any real reference to the said companies ability to in a reasonable time gain any % of such markets so I see numbers as ambit style claims to get headlines and really the ASX should stop them as it can be misleading. You have to look a lot deeper to see what the real market size is for particular algae
types and so on and realistically you are not converting existing market of all feed you are more that likely opening up a new area. So market size of existing is pretty much irrelevant IMO but since I can't work out what exactly they are targeting and how I am talking through my hat as this company seems so obscure to me rather than transparent IMO.
I though their disclaimer at bottom of announcements still...
Add to My Watchlist
What is My Watchlist?