It is what it is, and it's back to the bottom drawer. It might be a blessing in disguise and a great opportunity to top up, and blah, blah, blah, but until proven other wise it's yet another case of frivolous irresponsible announcing by management (which is far too common on the ASX). We all know what imminent means.
The expectations created by the November 9 announcement are the ONLY reason for upward movement in share price over the last couple of months. As it turns out it's not imminent, and future partnerships and talk are for now until proven otherwise, just that. Now we wait and see what the 4C brings.
In the mean time, pull your head in management and give more responsible consideration to the content of your announcing. It hurts the share holders ever time and reflects badly on the company.
PIQ Price at posting:
30.0¢ Sentiment: Hold Disclosure: Held
A personalised tool to help users track selected stocks. Delivering real-time notifications on price updates, announcements, and performance stats on each to help make informed investment decisions.
(20min delay)