Media Update, page-1502

I am not taking the piss @bridog. I am genuinely disappointed with the lack of communication from management, share price performance, and believe an update would benefit holders. Whats happening with IC & SQ. Why the delays? Why has our VP Investor relations left the building after such a short period with the company? Clearly developments are happening in China and elsewhere (just go and read some of Relax1 posts) and yet nothing from management. IMO the market needs an update and some re-assurance regarding previous guidance. And if there is a reason for the sell off (lets say IC is delayed further), then equally the market should be updated. For the record, I dont think it is a sell off but rather a fishing trip with panicked retailers taking the bait. Irrespective, this kind of panicked selling is supported by silence from management. I suspect many of those holders would not have panic sold had there been an update from management.

As for you saying management are doing a good job selling the story. Management are not successfully selling the story and this is evidenced by the share price performance. If you think management are doing a good job selling the story then i suggest you need a different metric for evaluating performance. The website and social media accounts looking good is not an appropriate metric IMO. Regardless of how fancy the social media looks, the strategy is not working.

Management have issued shares on multiple occasions to/via ML at or near historic lows causing enormous dilution. ML has not supported the share price outside these raising. The most recent raising was oversubscribed 20% - led by ML. Instead of management telling them to buy on market and support the share price, they just issued them the extra 6m worth and now no one is buying on market (at least not openly with proper depth/demand indicative of actual demand). Go figure. As for 3B's, ML is a tier 1 investment bank and there are many ways to conceal beneficial owners and trading activity. I do not think ML's clients are currently unloading at a loss. In fact, i think the contrary is more plausible - accumulating. Have they sold at a loss in the past to suppress the price and be issued more at favorable prices. Maybe. They are tier 1 investment bank, good luck proving that.