Evening all,
Please note an important piece of Intiger's response to the ASX today;
'The reason that the engagement under the MOU is material is that it represents an opportunity for IAM to build a relationship with a leading financial entity, in accordance with IAM's strategy'.
Given that Intiger has re-confirmed that the MOU / SOU with NAB Financial Planning is a material engagement as per the above, one could reasonably expect next week's SP to be back up around the high 6's to low 7's i.e. where it was trading prior to Wednesday's late breaking news (IFA's update) which undoubtedly triggered the late sell off.
But if not, then I'll certainly be thankful for the opportunity to purchase shares (and options) at a discount from those who still maintain this week's events to be negative.
After all, it's the intent of the understanding between parties that really matters, and such quibbling over semantics (i.e. which terminology to use) was always akin to a storm in a teacup IMHO.
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GLTA
Cheers
Elpha
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