They referred to themselves in an earlier release that they were the "Apparent Successful Vendor". Not just the preferred one. Seems they were getting ahead of themselves slightly.
As someone said below, even putting aside the tenders overseas, they are trading at a pretty modest multiple on an EBITDA of $5mil. And even their Australian business has good growth potential. Apart from these issues with the tenders, they seem to be hitting their targets. No one in charge is selling out.
Will HODL for now, as I said.
ACE Price at posting:
65.0¢ Sentiment: Hold Disclosure: Held
