I understand the frustration due to the unclear initial announcement, but the negativity posters here seem to have regarding the entire situation is completely senseless. From the first announcement:
TMP will assist in the media strategy and campaign planning for promoting the Client's mobile app across key APAC markets ... Subsequent agreements to run the campaigns would need to be signed once the final media strategy is approved later this quarter.
The media communications team seem to be able to communicate using the English language. Supposing that's the case, shouldn't the inference be that the bold words reflect an accurate portrayal of the actual commercial situation from TMP's perspective? So what did they do wrong?
Emphasis.
I mean it's kind of bloody obvious why the ASX wanted this nitpicky clarification. The initial announcement did not, in the ASX's view, adequately emphasise that nothing was legally guaranteed at this stage even if commercially speaking it may as well have been. This is a very very small mistake.
The company has a MC of $17.7 million, had $6.8 million in the bank at the end of the last quarter, and these are the sought of clients were interacting with.
I am baffled holders of TMP are posting here complaining.
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