Ann: Suspension from Quotation, page-16

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28/02/24

11:06

Post #: 72639672
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Originally posted by SteveSage: ↑

Usually the ASX only ask questions after the fact, but they seem to be getting a little more savvy with their spurious calls for trading halts and also what CEOs/Boards claim to be announcements that are material

It appears that they are onto the likes of Olsen who seems to see running a listed company as some sort of inconvenience and the ASX requirements as some sort of joke while he carries on as normal....I feel like all the investors are part of a game of 3 card monte with Olsen coming out at key earnings dates and shouting we are going to make out like bandits very soon

I'd imagine (if history were any gauge) that there is no verifiable $$ value to the contract nor any timeframe as to when it will/needs to be delivered, but just another high potential client that may/may not sign on the dotted line.....really strange why he bothered given anyone looking towards the the 1H24 results (based on the 4Cs) should have anticipated it was going to be terrible and he should have just said the same line he repeats ad nauseum (clients pay at different times, and delays to implementation etc etc).....a MC of 35m could have been sustained on that basis, but you could probably take ~30% off post this ASX debacle

Thanks Mr Olsen

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Even if you're right, would it not still be appropriate to seek a trading halt while any details or complexities of the contract are confirmed? The alternative is to either make a hurried announcement that could end up being misleading or to let shares continue to trade (with no announcement) while potentially material information is known to you.

3DP Price at posting: 4.9¢ Sentiment: Hold Disclosure: Held
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