Whilst it's disappointing to see the SP drop on good news it was expected.
I see these falls as a completely different kettle of fish compared to a couple months ago. There is one key difference... VOLUME.
We are seeing unprecedented levels of shares traded daily, yes that means we have people selling. But most likely they are CR investors. We have churned through 50M+ shares in the past week. Outside the top 20 holders and the DR we only had 138M in free float as of last presentation. Most of which held strong down to the depths of 4c so I would argue they probably wouldn't sell at 7c as their averages would be much higher.
Whilst there is heavy selling from CR investors there is also heavy buying on the other side. To me, we are seeing large amounts money entering this stock. Money that sees upside to this stock. Yes CR investors are selling but it isn't a negative thing. They probably only invested due to the large discount and had little interest in the company to begin with and always had plans to flip them quick for a tidy profit. I'm glad they're leaving but am also thankful because they helped us improve our balance sheet considerably. People with a keen eye for a future star are buying up these loose and cheap shares.
It isn't all bad.
Ann: PRIZMA Sponsorship with Royal Australian College of GPs, page-38
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