Last week they had some, and obviously someone from ASX believing they didn't have to produce a quarterly, a question to ASX asking for the rule which allows them exemption drew a blank but out came the quarterly.
And let's leave the professional tag until they actually produce some contracts,
They took over an established business that has had $80 mill spent on it to develop the product, they are here to produce contracts to commercialize it but so far have produced none.
PFOAM will be the first if they ever get this signing out to the market,
Now to say Friday they will have this signed by Monday or before and still not have something out end of Wed is NOT good enough.
Other than the maintenance the only other timeline they have met is claiming director fees.
Their shareholder relations and reporting is disgraceful
But as for PFOAM they stated signing would be on or before next business day, it has not been reported if they did, and it shows how people think that give someone 12 thumbs up who says they don't have to report straight away which is against ASX continuous disclosure rules that say it must be done IMMEDIATELY
And let's face it, 80% of listed companies will never make a profit, and most list because their business could not get a bank loan to stay afloat,
CFO has great promise but these directors need to perform, if not it is not shareholders who should move on, and because something happens a lot on the market don't make it right.
CFO Price at posting:
52.0¢ Sentiment: Buy Disclosure: Held
(20min delay)