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Gali

487 Posts.

21

20/01/21

23:06

Post #: 50323451
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Originally posted by Immetoday: ↑

I’m a bit lost on why you think this is negative?

Obviously SBW were questioned by someone (maybe ASX) on why the Ann this morning wasn’t marked price sensitive.....well that’s my take anyway.

Basically they’ve said -
‘It’s a long term agreement (5 years)
Agreement isn’t exclusive.....meaning they can sell tech or machines to anyone during that 5 years, not tied to these guys (good news as they’re not in a closed market)
There’s no actual sales yet....so it’s not material to company.
The agreement will see them jointly pursue sales.....how can this be bad when dealing with a leading US vending machine company?

People have been screaming for updates from these guys.....I personally have contacted them via email and told them they need to be more proactive in informing the market what they are up to......which today they did.

I’m not sure I understand where the issue is here.....this is great news in my opinion and as I did today, I will buy more tomorrow if it is at 19c.

The tech here is solid......they have now partnered with a solid company with a massive track record in producing and selling the exact thing the tech is designed for.

Feel free to point out whatever it is I’m missing because I think the ‘clarification’ is actually more positive than the initial Ann.

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Drop the mic walk away, head held high. You've done well. I like reading comments like this well thought out and structured.

SBW Price at posting: 19.0¢ Sentiment: Buy Disclosure: Held
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Drop the mic walk away, head held high. You've done well. I like...

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