Shorts, page-11

Dude

1 - I aint a headhunter. Dont know why I keep having this raised. I do suspect I understand waaaaay more about the HR SaaS/enterprise tools market than some investors. And I suspect I am one of the few who have spoke with the subjects of the 1pg press releases. Y'all though are welcome to do so and suggest you do.

2 - This aint no sophisticated stock play. The discussion of fundamental disruption is kind of odd. The ascribing of value to news flow is at best the mark of the faithful. What it is - its a simple momentum trade. And theres nothing wrong with that. Its a momentum trade listed on a market for that reason. The only way a sophisticated investor would even attempt to understand this stock is to understand its buyers - I suggest that would be you (a buyer)

3 - Your calculations above are WAY WAY off. Also to say you can see when shorts are put on but not when they are covered is nonsensical. You're implying a symmetric trade pair and this is impossible for this stocks spread and daily volume.

4 - You are correct that I am correct that the institutions are now on this register. What baffles me is why some of the faithful think this is a good thing. They are positioning themselves for a momentum trade ahead of the ASX 300 re-indexation in September. But this is now a complex position to be in. For reason why please refer to point 2 above.

Y'all now are faced by a perfectly binary situation.

Hit them earnings numbers. Some move up. Not much though as institutions now positioned. Joy.

Don't hit them earnings numbers. Fall out of ASX300 (IF IF IF indexed). Institutions bail. Ouch.

Aint that hard.

Tick. Tock.