The BUM could be anticipated after close of trading yesterday.
An Appendix 3B, issued 1.5 hours before the close of trading yesterday, had the effect of pushing the price up to 5 cents.
An unpromising Appendix 4C, issued after the close of trading yesterday, had the effect today of pushing the price down to 4.3 cents.
By 'unpromising' I mean if you looked only at the financial figures. Sure there was 'promising', but that was restricted to management guff - of the customery 'grass is greener over the hill' type. Who remembers LG and IPTV any more?
Nothing deliberate, of course, but GCN might have anticipated that the sequence of reporting yesterday would leave purchasers stranded today, as the tide went out after close of business yesterday.
GCN Price at posting:
4.3¢ Sentiment: None Disclosure: Not Held