The dynamic Duo & whoever advises them need reprimanded/reassigned/dismissed for this latest cockup in communications with investors.
To release that presentation without an explanation as to why the revenue going forward for your main product was now half of what it used to be, is idiotic. Sadly as we all know its not the first time Syntonic has failed miserably in this regard on the Dynamic Duo's watch.
I wonder how long ago they knew about the revenue downgrade & how thus how long have they kept investors in the dark & allowed a false market in the company's shares to exist.
Totally pathetic.
I presume this is the reason we've had no quarterly Q&A etc.
A price sensitive document that wasn't highlighted as such, the ASX asleep at the wheel yet again (although I'd have sympathy for them in this instance as a presentation isn't the normal way to convey price sensitive information).
LOTM
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- Ann: Syntonic Investor Presentation
Ann: Syntonic Investor Presentation, page-19
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