Don't Miss the Boat, page-77

Speed tick Response here ...  Acquisition in the wind perhaps ??


3. The Company notes as follows:

a. There has been recent interest and volatility in other technology based stocks on the ASX eg RAP, LVT and VPC, indicating that this segment of the market is buoyant;

b. On share trading forums (eg Hot Copper) their has been a large increase recently in the number of posts around the companies activities and many commentators note that in their view, the Company’s shares are undervalued;

c. Since re-admission, the Company has announced a number of contract wins and awards, indicating that the business is growing; and

d. The Company stated in Section 7.3 of its re-admission Prospectus that “as part of its business strategy the Company may make acquisitions of, or significant investments in, companies, products, technologies and/or products that are complementary to the Company’s business”. The market may, therefore, be of the view that as the Company has been re-admitted for a number of months, it has had the opportunity to review potential targets and may make an announcement on that in the future. The Company can confirm since re-admission it has reviewed numerous opportunities with some progressing to due diligence stage in the past few months, however no formal binding agreements have been reached to date. The Company will make the appropriate disclosures if negotiations advance to a formal stage.