Your concerns are spot on but not sure you will get a clear response. Well, it’s actually the job of the management to provide clear guidance to the street and not social media army. What the management has said in previous 10Q is that it is their goal to work on the prerequisites and be prepared for submission before the end of the year. Although they say they want to submit as soon as possible after this phase and that they want to be strategic with their applications. Not sure what as soon as possible mean in management’s mind and how would shareholders know if they are running behind on prerequisites and preparation phase?
Why would they let the share price languish and not build investor confidence like most reputed companies do by issuing a clear guidance on their application timeline. Just a simple statement along the lines of we plan to submit our final application via ILAP or Project Orbis program or the conventional route to X agency before the end of the year? The only reasonable explanation is they are not that close and if they disclose these timelines that stretch well into 2024, there would be a massive sell off.
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