An Uncanny similarity in these two past announcements.
BUD Letter to Shareholders 20/1/17 pg 2 Announcement
“At the outset, I should note that one of my pet peeves for small-cap companies on the ASX is the announcement of every MOU, LOI and non-binding agreement a company enters into. Many investors don’t realize that an MOU or LOI isn’t meaningful news unless the “intent” is followed through on with a commercial agreement of some sort. In 2016 I saw many such documents announced and heralded by ASX companies, but rarely is there any follow up announcement when the intent is abandoned. And let’s be honest – not every LOI or MOU will come to something, or even anything. The nature of business is that some work out, some don’t and that’s okay.”
GSW Quarterly Update 31/10/17 Announcement
“The Company expects to name additional key enterprise agreements shortly as soon as the legal frameworks have been cleared. New commercially signed multiyear enterprise agreement announcements are expected to continue unabated for a number of quarters.
Please Note: The Company will only report executed commercial agreements. Unlike some other groups it will not publicly report on Memorandum of Understandings (MOU) or Letters of Intent (LOI), which are not commercially binding and do not have a valid assurance of future commercial outcomes”
