OAK 8.06% 6.7¢ oakridge international limited

Ann: Xped Signs JV Agreement for China Expansion-XPE.AX, page-14

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  1. 4,708 Posts.
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    Hmm , good news in terms of laying the 'groundwork' for a distribution channel and 'progress'.

    But it is definitely nothing revenue based yet again, and certainly not the blue sky alot of posters were hoping. Price should still get a lift anyway, but still waiting for that announcement re: money bags coming in.

    I guess it was in the writing when they mentioned 'material agreement', and chose not to describe any revenue or signed manufacturing agreements in the wording. I had thought the agreement would have been something on the xerts or the leap in locks than on a new JV and distribution channel news.
 
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