They have told us nothing that wasn't easily assumed knowing the information available about GSW before the AFR article.
Anyone who has done THEIR due diligence and understands this company and it's potential knows the nature of the contracts, the product, the revenue model and what that means.
None of the LT holders are shocked by anything in this ann, they are justifying the model to the wilderness wanderers who blew into this forum for the week. This info is readily available in the prospectus.
Shows just how little research goes into journalism and investing in this country. Sheep.
Per the ASX query, the ASX will no doubt seek further clarification about the SP reaction to the CBA ann (up 49% on the day). IMO its ridiculous the ASX is investigating an ann made 9 months ago?! wtf is the point of the legal team at the exchange? Regardless, management may yet come undone by the CBA ann.
For me, the troubling part is that GSW left the mid year report/ NA update out when submitting this ann? Did they not think that would be material to their SP given the nature of accusations by AFR and legalese of the ann? THAT is not good enough. Need the numbers to support your product and vague contracts boys... We need to see the "continued geometric growth" to support this business Barry.
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