A bit more context/clarity.- Pointerra has never been suspended...

A bit more context/clarity.

- Pointerra has never been suspended in relation to a Material Contract Award announcement.

- There has only ever been one Material Contract Award ann.

On 10 Dec 2021 there was a pause in trading followed by a TH pending release of an ann 'concerning the award of material contracts in its US operation.'

On 14 Dec, they released a Material Contract Award ann relating to the initial Entergy contract, the PGE contract and a small contract with Gulf Power. Interestingly, Entergy was for a minimum US$2.37M up to US$4M. This was an estimated range with the minimum amount guaranteed. The total dollar contract value couldn't be fixed as it was dependent on scope of LIDAR work actually done. 14 dec 2021 was a Tuesday. So it went into TH on Friday 10 Dec, the ann was released within the 2-day TH requirement.

The PGE and Gulf contracts were respectively fixed at US$700k over 14 months and US$20k for 6 week's work.

- In 2017 they were sent an ASX Query Letter re the release of the January Enterprise Sales and ACV Update involving the EverSource ann. There was no subsequent action.

Since then, the ASX has applied stricter rules to announcements for specific revenue amounts, especially where the dollar amounts cannot necessarily be fixed/quantified as they might be dependent, in Pointerra's case, on actual work done and number of services and users subscribed to under the SaaS model.

This suggests (to me at least) that the current award might be relatively more complex with the ASX demanding greater clarity which might not necessarily be possible depending on who the client is, what their use requirements are, and any commercial-in-confidence constraints that may apply.

Which is perhaps a long-winded way of saying we wait until the ASX - and presumably Pointerra as well as their customer - are agreed on the wording of the ann.