Thanks for your comments. Well you were right, it did go up 10% after your last comment, the run up appears to be with large orders individual orders rather than broad market push though. Yeah I'm patient alright, I don't enter stocks unless I'm prepared to hold at least 12 months. By the way this morning I got email back from public relations (from Craig Orton himself) but it was all general copy and past stuff, some paragraphs below:
"...In the immediate term, this suspension of sales will see us materially reduce our recurrent costs, including the reduction of staff numbers to approximately 90. This compares to approximately 230 staff at the end of the last financial year.
In relation to the trail asset, the board has made no change to its status. Specifically, the actions arising from the strategic review aimed to protect and maximise shareholder value, which includes future revenue from trail commissions represented by the value of the company’s trail asset.
As we noted in the recent ASX release, we are continuing to work constructively with our business partners to assess future options for our business model. At this stage, there remains significant further work to be undertaken and no decisions have been made..."
Didn't address any of my questions but I still appreciate the copy and past feedback. Going on holidays tomorrow will check back every few days, by the way Reject Shop crashed 44% today maybe your cup of tea.
FIG Price at posting:
9.2¢ Sentiment: Hold Disclosure: Held