NZX set the rules, PLX chinned the bar and moved to NZX. Neither NZX nor PLX have anything to do with the current market cap.
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I'd tend to believe the Interim Report over what somebody puts in a presentation before the year has even ended.
I expect the Interim Report to be accurate (even if unaudited). If not a really bad look.
This applies to all companies, not just PLX
Several announcements re new business just before 30 september
Chairman saying $7.1m - he's probably right
Just that this new business might not have been 'booked' / accounted for by Finance so the system came up with $6.0m as at Sept 30th
I now believe $6.0m is correct / official but we can say with confidence that some afterwards in October it has risen to $7.1m (accounting wise) .....and will on way to $10m next year
We all know sales people (CEO / Chairman) jump t gun and can't cntaiin the exitment when it comes to reporting sales.
This explanation sounds better than than the ones I have come up with myself.
My explanations have involved either lies, incompetence or lost business. At least this possibility give me some confidence that all is not lost with this little company. But I guess we'll find out.
I think we will get an update on ACMR from PLX pretty soon
Latest figs out...... they are going to need additional funding or a strategic partnership in the next 12 months IMHO.
Attachment 8524
Capital raise announced yesterday: https://www.nzx.com/companies/PLX/announcements/294647
$300k!!! Wow!!!. I guess that's the next two weeks covered.