"Imo that negative response from coy makes me wonder why
anyone would buy at this price."
Zedcorp, the company is doing exactly what you would expect a responsibly managed company to do - not hyping up shareholder expectations or the share price.
The speeding ticket response told long term followers of ANO absolutely no new news - no one was expecting a profit for this half, or positive cash flow. Go back and read past announcements. At a minimum, read the fantastic presentation from management from the 2013 AGM.
The only people selling after reading the speeding ticket are the folks who bought in thinking something was in the wind short term. For everyone else its business as usual.
18m shares today is a fantastic result. Bit of liquidity coming back into the stock.
The next milestone outside of the quarterly is an update on distributors in the US - again as noted in the speeding ticket. DOW has been a very poor distribution partner for ANO. Any progress on this front (ie. their removal) will be a welcome positive.
"Imo that negative response from coy makes me wonder whyanyone...
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