Ann: Origin and Vivid Partner to Deliver Lighting-as-a-Service, page-61

My theory is that there is institutional interest (with some having moved in already) but most are just waiting on a positive quarterly before pulling the trigger and taking a significant position (once VIV is "de-risked").

Of course, if it's a bad result tomorrow, the 'accumulation' would have actually been clever 'distribution' this whole time.

8IP

At 8IP, we have a very clear focus to deliver strong investment performance to our investors. We are true stock pickers who use bottom-up, fundamental research to construct high-conviction, long-term portfolios.

8IP manages in excess of A$200m focused on ASX listed small companies on behalf of institutions, high net worth individuals and a listed investment company. The portfolios are managed by Kerry Series and Stephen Walsh, both experienced equity investors.

http://www.8ip.asia/wp-content/uploads/2017/08/1706-8IP-Monthly-Report-Jun-2017-FINAL.pdf

This month we highlight two companies that we hold in the 8IP Australian Equity Impact Fund (“Fund”) as the Fund provided (or commited to provide) new equity capital to them during the June quarter. Since inception in February, the Fund has participated in new equity issues for four companies, demonstrating our commitment to invest in the acceleration of these impactful companies.

Jagen


Liberman family investment company Jagen Pty Ltd already holds 10 million VIV.

https://www.copyright link/leadership/brw-rich-families-list-2014-2-liberman-family-20140820-jy84v

The Melbourne-based Liberman family first rose to prominence with successful commercial property investments under the late family patriarch Jack Liberman. Like other affluent Jewish immigrants, including BRW Rich Lister Frank Lowy, Jack and his brother Chaim Liberman arrived in Australia following World War II.

The Liberman family has also invested in several emerging technology firms in recent years. Justin Liberman, who heads the Jagen family investment firm, is also involved in venture capital investor Square Peg