I would be frustrated too if I held Hrr, didn't participate in...

I would be frustrated too if I held Hrr, didn't participate in the ARL IPO but got ARL shares during the float and then made the decision to sell them for 18c in the days following listing.

I was in a similar position, but: partipated in the IPO raising; sold the ARL divested parcel which had a lower original cost and was discounted for CGT (about 15%) for 92c crystallising a 100ish% profit on the money I spent on the IPO; and holding strong with 85% of my initial shares, watching the fireworks unfold safe in the fact that I have already doubled my money; and that doesn't even include the upside potential of the options I hold.

Good luck with your sell recommendation, I am happy to hold and buy should a significant correction occur and take up my options in full if and when the price continues to rise into three digits.