It does seem very positive for Collaborate, then whoa .. trading halt at 4/10ths of 1 cent up in the SP at $0.013. TH's don't happen after there's good news announced, maybe Chris said something he shouldn't have, or got some facts wrong. We'll see.
Amazing deal but — The initial term of the agreement with Hyundai for the subscription proposition is six months.
Doesn’t seem a very long term
I believe it is a trial, and it will also take some time to set up the tech and for Hyundai to roll out the processes across the dealer network - a whole new business model. Will be interesting to see whether it gets traction. Same for Turners, but they're gung ho for a launch this side of Xmas.
Yes, they somehow forgot to post the numbers in the first announce, possibly got a bit excited about Hyundai coming on board, lol. The margin is encouraging for Turners (it’s the difference between subscription and what Collaborate get, assuming the same ratio). Close at 1.4 is encouraging, up 100% from a couple of weeks ago, and Turners back in the money. Still makes you wonder who the millions of shares are selling into the ramp and why, but one might assume there’s plenty of punters and traders relieved to have some volume to get out on with such a big % gain today. It will take some time to bring Hyundai online, so hopefully Turners launch of Carly in NZ fills the vacuum.
Another quarterly divvy payout has just hit the bank a/c :)