Cheong cheong 2.5 cents. Closed at 20.5 cents.
SGX queried, Artivision gave more or less std reply --- all the time, we talk to prospective clients, so far nothing signed.... Who wants to short this stock must be foolhardy.
see all the standard company replies are just standard stuff.
BT this morning:
IN a major move which could mark its emergence as a global player on booming online advertising scene, Catalyst-listed Artivision Technologies has launched its Advision application on leading social website Facebook.
CEO, co-founder and chairman of Artivision Philip Soh said the company had inked a deal with Facebook to enable millions of netizens to use the advertising software with their online video postings.
'On Friday we went 'live' on Facebook,' declared a delighted Mr Soh. 'We now have 500 million potential customers who use our software application on Facebook to earn advertising revenue,' he told BT. 'This changes the paradigm of how video advertisement will be done in future.
In 3 weeks, this cheongster rocketed from 4.5 cents to 28.5 cents, and the company gave a standard reply that didnt give any info on somehting brewing inside.
Artivision gives exclusive interview to BT and then .......
In the News Article, it was stated that:
(1) CEO, co-founder and chairman, of Artivision Philip Soh said the company had inked a deal
with Facebook to enable millions of netizens to use the advertising software with their online
video postings; and
(2) Company officials say the Facebook deal is just the first of numerous deals it will seal with
other social website operators.
The Company wishes to clarify that it has not entered into any commercial contract with Facebook
nor any other social website operators as at the date of this announcement.
Shareholders are advised to exercise caution when dealing with the shares of the Company in
relation to this announcement.
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