CIO 0.00% 1.8¢ connected io limited

I seem to be missing something here! Firstly, did anyone really...

  1. 142 Posts.
    lightbulb Created with Sketch. 2
    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
 
watchlist Created with Sketch. Add CIO (ASX) to my watchlist
arrow-down-2 Created with Sketch. arrow-down-2 Created with Sketch.