SERA2g
Founding Member
Agree with you tech, if the share price wasn't in the doldrums people would be ok with the level of engagement and current ASX announcements approach, but it is in the doldrums, engagement is shit and nothing gets announced.Nice post, and yes "Antonio has simply had enough of the ASX, their attitude, their nastiness towards our company." that's 100% my opinion, which is what this forum is all about, opinions and facts.
This quote that you posted really sums it up in my opinion:
We have a relationship with the ASX. We've talked to the ASX. We have made it clear to the ASX how we do business. Right. And we will absolutely, when something we deem is truly material to the shareholders, we will absolutely put it on ASX. We understand that obligation.
"We deem is truly material"....and that appears to be the real stumbling block, our company just can't make up earnings figures, it's such an immature business model (the edge AI market) it would currently be, pure guesswork, that's how a one-eyed believer views
the situation.
I realize that many are getting rather pissed off with our company for a variety of reasons, I just wonder if the share price was hanging around the $1.50 mark and we still weren't receiving the level of communication or ASX announcements, price sensitive or not, would the attitude of a large number of shareholders still be the same?? I think not.
Anyway, I'll finish there.........cheers Tech.
No wonder people are unhappy with the boards current approach.
We see the frequent IR releases on new partnerships, we can see the ecosystem growing. From where we were 2 years ago to today there's been a material change in the ecosystem as a whole, so many great partnerships set up to help advance the company in the long term, but none of it has been announced to the ASX, resulting in shareholders questioning why not and how much value has been missed as a result of the lack of market announcements.
To your point around earnings and being an immature market, I completely understand why they haven't announced things from a price sensitive perspective. Back to the AGM where Paul called Antonio out and asked why they couldn't make non-price sensitive announcements, Antonio said he'd look into it.
We've had off the top 2 new partnerships since then yet neither were announced as non-price sensitive so it seems Antonio isnt actually going to look into it after all.
There is and will be plenty of partnerships that shouldn't be announced at all, but there's some that should at the very least be non-price sensitive, Chelpis is one of them.
In my opinion of course..
We all want the same thing here and we've all been on this grueling ride for years together. I'm still as confident as ever that we'll get there, it's just a question as to when.
Hopefully $1.50 is sooner rather than later