The cue words from the last ANN are "significant' revenues expected and an update “shortly”. How shortly is ‘shortly’ - that we don’t know.
Also to be noted is the words they mention they have already noted significant increases and are now analysing the numbers to disclose to the market.
They also had in their investor presentation that traditionally 3rd and 4th QTR posts the maximum revenue. Also they have mentioned in the last ANN that this time it is significantly increased to the last FY.
Their costs are trending down substantially which they have already informed and now we need to know the numbers.
The downward pressure on the SP may be due the CN, but important to note that the downward trend is on very low volumes compared to the jump in SP on very large volumes. This makes me think it could be more accumulation and tree-shaking than someone dumping. The low volumes on the Pullback shows that even the CN holders are not dumping.
It is the best interest of Ted to keep the SP upwards not only being the major SH, but also to get higher CN conversion. The good thing is that there is plenty of funds now with the CN conversion.