Ann: Ceasing to be a substantial holder, page-66

I agree regarding the impact of the ALSI rebalance which is effective Monday, so should already be out of the picture.

It would have added a lead weight to the existing overhead pressure of:
- a BS selldown,
- twice delayed ACV update due to significant contract negotiations,
- history of lag between ACV, Revenue and Cash Fow,
- Aerovant resignations x4,
- a bad debt that was quietly slipped into FY2022 financials,
- poor sentiment towards tech stocks due to ramping interest rates,
- overly-exuberant sprint from 2c to 92c.

These all explain why we are back all the way down here.
We need some positive news on the two items in bold to bounce.

But by the look of the sp trend, either:
- the ship is very tight so potential buyers have adopted a wait and see approach (like me),
- or if it is "typical Perth" tightness then roving eyes see worried looks.

I wish I knew.