Really good to see some positive sentiment flow back into the stock and some good buying on the heads and options yesterday and today. At current there is only 9 sellers totaling 2.26m units on the oppies and so I think with some more good volume we may have a nice run!
As of late, general sentiment (or at least how I've interpreted it) is that we have a big player trialing the services and things seem to be going relatively well. Great news indeed, though I still have one reserved issue.
Disclosure.
My hope is that if a big fish is truly on the end of this line and they commit, that they will be happy being named and shown to be in partnership with Intiger. If it is truly a large household name, then the name itself would be a market sensitive point. There is a large difference in my mind between, 'Intiger signs MOU with XXX' and "Intiger signs MOU with AMP' and the effect it would have on the SP. While in the long run I think it won't matter too much and the financials will speak for the long-term longevity of the SP, I would hate to find it a situation we face again. As such, we know that in the past, clients haven't wanted to be named, and as the company has not come up with a solution to this problem with the ASX yet, I am concerned we may have it still, with whoever is trialing the services today.
I hope that either whoever is trialing the services doesn't care to be named, or that the company comes up with a way to disclose information to market accordingly. I know for me personally, that if we can overcome that obstacle, I'd be happy to buy more. Conversely, I don't see a large player trialing services just for fun and for the sheet of it all. I think that, depending on the progression of the trials, if they were truly serious, they would already consider the naming issue and work with Intiger to overcome it, provided it's an issue at all to them.
Anyhow, these are just my thoughts. Just over a month till oppy expiry which means tick tock tick tock for the company to get things moving.
GLTA
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