It's definitely embarrassing and only accentuates the fact that OLI has no trust with investors, but I would also question whether it goes further than that.
Why release an announcement at 3.45pm on a Friday with bad numbers and no commentary, which allows just enough time for selling into the close. The announcement couldn't wait 15-20 mins?
Yet at 8.45am on Monday morning everything is peachy again, this time with a detail announcement about progress and a dressed up number of positive EDITDAI (how many more letters do they need to add to make a $1m?).
I half expect this from Jason, given how the business has operated since I started watching it not long after listing, I was just expecting better from the new Chairman. I guess he gets add to the list of Directors who perform poorly for shareholders.
How could you have any confidence in their future projections based on this experience?
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It's definitely embarrassing and only accentuates the fact that...
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