Pont being they expected it to range around $20m in years 0-2...
Are they not already at 18 motnths now?
The accompanying chart suggests "we are here"...more or less in th last part of the 0-2 year period.
Stock do not just jump to the $50m range because it is Jnuary 1st in year 3...one should expect a gradual rise.
lol...obviously that is not what happened, but to suggest the company wants, or event expects the stock to stay at $20m right now is childish.
This does not change the nature of what was announced, nor how it was announced...but discussion about what the company thinks abouts its market cap right now is nothing but a distraction.
If they had said we expect a $100m market cap, you would say they are talking their book..so why chose to believe their guidance of a $20m market cap, unless it suits a particular argument.
This is now in the hands of the twilight zone...it could rise and give evryone a surprise, or get sold down and burn all who bought on the back of the official ASX sponsored correspondence...purely based on the manner in which they respond to the ASX.
If they were smart, they would use the current market interest to turn a bad story ito a good one...light-on free float, so would take much from their larger supporters to tip in a few mil to both support, then turn around the stock for the greater good.
If done well, they will generate a much higher interest base...which they can all benefit from...if not, the stock could well be sold off into the abys of everyone's black book...never to e touched again.
Small price to ensure the company's health in my view.
Cheers!
EPS Price at posting:
0.0¢ Sentiment: Hold Disclosure: Held