Well now, isn't this typical of unrestrained (un)Australian boards/management.
I bought in years back @ 25c and sold @ average of $3.15 when p/e v number of likely contracts became unrealistic. Recently I put it back on my watchlist intending to buy back in after full year results with expectation price would go back OVER $3 BASED ON 5G and future contracts from current testing and discussions. MOST SHAREHOLDERS ARE HERE FOR AT LEAST THE MEDIUM TERM for the same reason.
So I agree: IT'S A POOR OFFER all factors considered. Or RECENT GUIDANCE IS ESSENTIALLY A LIE; FIRB wouldn't logically allow this due to an inherent security risk; and shouldn't due to the loss of yet more tech & IP. But we know we can't trust our government or public service. (my sentiment is sell thinking other players might wait for these decisions so price could drop if casa is rejected) Noise should be made at least via email to ASIC, FIRB, your local Federal political representative; and the so-called INDEPENDENT DIRECTORS, given THEY ARE PAID TO REPRESENT SHAREHOLDERS INTERESTS YET HAVE ALLOWED YOU TO BE MISLED. (Do they anticipate 1-2 contracts in major markets or not? Is the 5g tech at the forefront of a mega-trend or not?)
It seems INDEPENDENT VALUATIONS on technology, ip, and reasonable contract wins anticipated, is necessary before shareholders have an equal understanding of their companies worth and board/managements integrity.
NTC Price at posting:
$1.07 Sentiment: Sell Disclosure: Not Held