Ann: Response to ASX Query, page-75

I can understand Coby and Dadi not having a good grasp of the murkiness of the ASX waters and the feral sharks therein. But it raises the question as to why the two Australian directors didn’t appear to do anything to raise the alarm before the sp went South.

Maybe we won’t find out about their involvement because the bod will stick together but I do wonder what those two contribute to Weebit other than their nationality and residency.

If the CR hadn’t been announced when it was, it was possible that shorters could have crashed the sp to somewhere even lower than $5 but we can’t know really. I do agree with others who have commented that the company should have gone into a trading halt much sooner. That could have prevented the sp being dropped so low and might have enabled the CR to have had a higher price. That’s another thing we can never know.

I’m still well in the green and haven’t sold a single share. All this will pass and I’m sure we can look forward to a succession of achievements and announcements that will let us forget the last week. I won’t be buying in the CR because I am already all in and don’t have any funds left.

I do hope ASX and ASIC can do something about this clear example of insider trading (not Weebit I believe, but those who leaked the CR news) but I’m not expecting much.