re: Ann: Reinstatement to Official Quotationn...
HI Relaxan,
$8mil was the target that was expected and released at the last IFS investors meeting.
Since then i have spoken to their old CEO Doug Weir, who is now, since restructuring their international manager. I have also spoken to the owners of Greenday Corporate who are IFS's financial advisors and my understanding is that $8mil was achieved.
I believe that they have since won a number of long term contracts, so profit forcasts for the upcoming year should be significantly higher.
Dont get me wrong, im extremely disappointed with todays open however i can see the light at the end of the tunnel, which i certainly couldn't see when we were AOS.
IFS Price at posting:
10.0¢ Sentiment: Buy Disclosure: Held
