New listings and announcements
As the company matures the anns take on a different flavour:
Phase 1 - a flurry of wishful, super-optimistic anns - helping to get the company on the radar - helping to map out what the future could look like - many of the anns are unsubstantiated - includes MOU's, LOI's, customer pipelines etc - generally more hype than anything else
Phase 2 - the first flush of commercial anns - these may similarly be future focussed - so therefore also prone to being wishful - ASX clamped down on these anns - so companies can no longer pump out unsubstantiated forward estimates
Phase 3 - hard-centred commercial updates - generally driven by quarterlies - occasional large order updates outside of quarterlies
We are in Phase 3 folks
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