Really good announcement. And we know we still have the US market and now the UK market to come! Speaking of the UK market, in the other thread a couple people had asked why Dave even mentioned a deal that was in the works, versus just keeping silent until it was signed and done (@87 Crash). And this Telstra announcement starts off saying it is being "finalized." I fired off an email to Dave, and got a quick response, asking why Buddy was releasing info about deals that have not been signed, and if their disclosure policy has changed from being conservative. Short answer: he's actually required to tell us about any imminent deals because of the CR they just did.
His email:
***********
Hey there, thanks for the question.
Our disclosure policy absolutely has not changed. I will remain conservative in my outlook, and in our news announcements. However, after conducting a share placement, the company is obligated to "cleanse the market" of all material news pending - even if contracts aren't entirely finalized (but close). As a result of last week's placement, we have to announce deals that are imminent, hence these recent announcements. Once we've fully cleansed the market (and you'll see a cleansing statement released to the ASX), it's back to our regular policy of bankable news only.
Having said all that, we wouldn't be announcing news - even and especially as part of our cleansing responsibilities - if we weren't very close and very confident.
Thanks for the question!
Cheers, Dave.
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