My point is this. Both Abbott and Newman made silly promises that they could not keep before their respective elections. The promises were totally unnecessary as they would have won anyhow and the promises have provided substantial grief since.
In the case of IVX, the management made promises at the AGM which were outside their control. They should not have been made. They were not competing with anyone. They were merely trying to keep shareholders happy. Probably they thought they could deliver but they could not be sure as they did not control the results. You can put whatever spin you like on the circumstances in which we find ourselves. I was just trying to put some context around the debate.
IVX Price at posting:
4.6¢ Sentiment: Buy Disclosure: Held
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