Fact of the matter is that the share price has been on a slow downward slide for the past 6 months. The main reason being the lack of revenue - we can gaze at the fundamentals all we like because they will gradually slide as well. If they have a $40M sales pipeline they should be converting some of that pipeline to revenue - and we have seen zilch(with exception of a $44k contract that was seen on Austender). On last 6 month trends it would have continued to slide to about 26c by now. The negative impact of the suspension will probably push it a few cents lower temporarily.
I want this to succeed but without revenue it won't and it needs to be big revenue because their largest $4.2m contract with Defence ends in June.
AR9 Price at posting:
30.0¢ Sentiment: Hold Disclosure: Held
