He went on......
Given that the shareprice touched $1.45 on the day of the Techno announcement and is now trading at 70c, you'd have to say that the market has already decided that the deal won't come to fruition.
I find it hard to believe that Jonathan Soon would try to deceive the market with this announcement, but that is exactly what the market is saying IMHO.
It's important to remember that this deal would be a company maker,..........but not a breaker, the company's market cap is only $8.4 million...............the profit on the Russian deal alone is projected at $7.4 million. Given the current share price, the techno deal can only be seen as a bonus if they can pull it off.
Tex.
SKG
skynetglobal limited
