Ann: Parkway Corporate Presentation, page-17

I wouldn't necessarily call it a smokescreen, a pivot yes, but if the technology is not going to commercialise by itself then I would rather they pivot sooner and save paying management for years to not win a contract. If we can get to break even with a traditional business then this de-risks the company and has two major benefits:
- Less shareholder cash proping up management expenses
- Established customer base to cross/up sell into:
- Customer base including a reputation and the ability to service.

Purchasing reduces execution risk which, given their execution risk in their PPT business, is prudent.
Purchasing small provides more organic growth potential from here which would have had to been paid for had they purchsed a business with more scale.

Regarding a company making contract that everyone is hoping for, yes this could be a signal that this is further away than previously thought. Alternatively, the acquisitions could all have been done due to feedback from major customers. Therefore, the acquisitions may enhance bargaining power and customer confidence bringing contacts closer.

Only time will tell, but I am not selling before finding out. If the traders leave to find nearer term returns, I will look to pick their shares up if we head below a cent again. In the days of trend chasers, IMO, the SP is more disconnected with the underlying value of the business than ever. My expectation is that this company is in a a better/stronger position than ever although the chance of a catalyst style contact is reduced, changing the overall risk/reward make-up. I believe this will result in a changing of hands from those with a short term focus to those with a longer term focus. With the former quicker to act than the latter this will likely provide a good buying window.

Of course I could be way off and the cross/up sell opportunity could attract more rather than less traders and we could now be looking at the new SP base. If so, great my current holding will see me through .

All IMO, please DYOR and GLTAH.