Ann: Response to ASX Query Letter, page-335

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hilldweller

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29/10/19

09:42

Post #: 41114339
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Originally posted by FraserJC: ↑

Guys,

I'm happy to admit that some of the stuff I read yesterday didn't sit that well with me. However, those issues all seem to relate to the past, particularly the issue of performance share. I agree that some of that looks a bit dodgy, and that a wrist slap may be in order (or possibly even worse).

However, I fail to see how the resolution of that issue in this way is of any benefit to shareholders. Instead it simply seems to have resulted in the airing of dirty laundry in public, which will only play into the hands of shorters on reopen. Why couldn't they address these issues offline while the shares traded, particularly if the possible ramification is the potential forfeiture of performance shares? What actually is the rationale for suspending the stock like this? It surely doesn't seem to be in the best interests of current holders IMHO.

More generally, my rationale for investment has always hinged on the recent announcements of ACTUAL GPTV and the achievement of breakeven so early in the piece. Provided those figures are accurate and have not been "doctored" I retain my faith in the company and its extremely bright future. However, I am not kidding myself that this will probably get slaughtered on reopen. This raises the issue of whether to try and sell on reopen with a view to re-entering when the bottom is reached, or whether to hold and hope for the best.

Interested to hear what other holders think about the merits of holding vs selling and re-entering. God I hope this witch hunt ends soon. Not good for any of us.

Cheers and best of luck to all, except the shorters and trolls.

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I am glad we are suspended. This would be trading in 20-30 cent ranges from day to day, the only people enjoying it would be day traders and stuff them.

sort everything out, put certainty back into the share, good or bad, and then let it trade.

ISX Price at posting: $1.07 Sentiment: Buy Disclosure: Held
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Ann: Response to ASX Query Letter, page-335

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