Ann: Shareholder Update Resignation of Company Secretary-MDR.AX, page-13

True. The level of volume isn't profit takers who bought sub 3c.

If this is just Pershing and Morgans playing pass the parcel, what's the strategy for retail holders?

3c was the IPO price. MDR listed in December and after 6 months has slid from opportunistic highs in the first few days to a trading range back down at the IPO offer.

Milestones have been ticked along the journey and foundations are being built for future growth.

It's suggested the market is forward looking by ~6 months. Does Mr.Market see nothing on the horizon?