“company will continue to receive funding from Yacov until 30...

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JG22

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17/10/19

13:38

Post #: 40931387
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Originally posted by huwscor: ↑

Highly doubt Yacov or any other board members will disclose exact details about when they will list. Either ASX is still reviewing the response or has asked GMV more questions which GMV has either replied to or is currently getting further information to put together a response.

Unless otherwise updated, the company will continue to receive funding from Yacov until 30 June 2020. Hopefully revenues from the IDTF centres are continually increasing allowing for less funding from Yacov and heading towards break even like has been suggested at the AGM.

GMV is still required to publish 4c reports despite being suspended and we should be receiving one somewhere between now and the 31st October so no too long to wait yet to see how business activities have been going... possibly with an update or commentary.

it’s important for us all to realise that even though the stock is suspended, the actual company activities are not and presumably everyday GMV is still working on generating leads, maximising efficiencies and hopefully securing deals.

It’s also important to note that the factory in China can only make a certain amount of devices per year and from what I understand, the first few years were going to be earmarked for the China MOU’s. This makes it hard then to make other contracts/promises for other deals when you are unsure of when CFDA will come through as it’s extended a number of times.

I’ve held off commenting of late on this forum simply because most posters are just running around in circles with their arguments which doesn’t help anyone. Personally I think this stock will re-list before CFDA (before Christmas), it will have a big sell off due to the time period people’s money has been held up and the recent ASX response. However, I also think after this sell off we will see a very quick rebound from others willing to wait 9 months and who currently see a good track record with the CEO, strong IP record, incoming revenues and the stock being cheap enough to get a decent holding and wait it out.

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“company will continue to receive funding from Yacov until 30 June 2020” - can someone please point me to the announcement regarding this. I remember reading this somewhere but could not find the source anymore.

Thanks in advance

GMV Price at posting: 8.1¢ Sentiment: Hold Disclosure: Held
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