Having done some checking on the InVID consortium this morning, I realised that it appears back on 30th March that Condat was actually part of that consortium - here is the link (there is a link within the article about the InVID consortium - http://www.invid-project.eu/2016/03/
I didnt think much of that at the time, but flipped through the annual report this afternoon, a bit cynical I suppose that the Condat announcement which really should have been 3 weeks ago (according to the link above) is wheeled out this morning, and then the annual report later in the same trading day. Once again, I find this company sends out mixed messages.
Whilst reviewing the report I also note that we have a short term loan facility with Marcel, paying 10.3% interest, and it is an entity associated with Gary and Greg Cohen. I also read that the proceeds of the SPP were to be used to meet its ongoing financing obligations.
I decided to trade my holding and took profits this afternoon, easy $$$ from buying 2 days ago. Will wait and see what price moves come next once the market digests the annual report. I want to see Invigor generating more business.
IVO Price at posting:
3.7¢ Sentiment: Buy Disclosure: Held
