I seem to be missing something here!
Firstly, did anyone really expect the announcement today? Granted they still have 5 hours to prove me wrong.
I thought this agreement was "expected" purchases of 6.9m over the next 3 years? Unless I have misread the announcement there is no real guarantee of orders amounting to millions of dollars and if I am correct how could this have any dramatic effect on stock price?
If there is an order in the millions of dollars I guess they can use that to pay back the 3 million dollar (plus interest) funding agreement from last year, unless of course CIO have already repaid the loan.
I have seen two prices bandied about today at 40c and now 50c, at first I thought the 40c was a typo and should have been 4c, I am at a total loss as to where these types of comments come from and what information is used to arrive at these valuations and level of confidence in this stock
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Official - CIO/Netsurion Partnership, page-27
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