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CIO Official Partnerships Deals, page-11

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hazza25

12 Posts.

23/04/18

11:02

Post #: 32623915
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Originally posted by Fgg6et ↑

One tech stock, $25 million Connected IO (ASX:CIO), is entering its fifth week of suspension for not revealing the names of two US customers. Connected IO announced a deal with a US cyber security company in early March — but under upgraded disclosure rules the company has to wait to trade on the news until the parties are named. On April 12 Connected IO said it had negotiated to reveal the customers at an IT conference in San Francisco — and “anticipates that it will be in a position to make a full update to the market by no later than 20 April 2018″. That deadline came and went without any news on Friday. “If tech companies reveal the names of new clients, then often there is no client,” Mr Kennis told do not advertise external links. “99.9 per cent of companies making these sorts of deals are bound by confidentiality agreements and disclosing details to the market is very very sensitive.” Mr Kennis says there’s a fine line between protecting confidentiality and keeping a market fully informed.

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So, where to from here? Cannot just stay indefinitely suspended. Am getting quite concerned. Are we holding another ' Blue Sky' ?

CIO Price at posting: 2.8¢ Sentiment: Hold Disclosure: Held
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