Ann: Placement Raises $4M to Fund Growth Initiatives, page-16

My feel is it's 50/50. Agreed, Bahay was very select about participation so I don't expect any wholesale offloading. That said I think traders may have been sniffing around, if many have stock they may look to offload and if the buyers are now full up then that may depress the share price.

The smaller CR may go either way, I expect more capital will be wanted to fund a modular plant. The expectation may cause the share price to drift lower, on the other hand if that is a short term goal (12 months) then we are unlikely to drift back into radio silence, rather Bahay may been keen to keep the news flow flowing of upstream capability building.

Full disclosure I have derisked, selling off part of my holding to buy back if we again see 1.2c, 1.0c or even 0.08c (ie, buying every 0.2c, though just as happy to not get to any of those and suffer the rise on the smaller position). I have been doing similar across my holdings and missed some additional profit on my tech holdings, but I feel the current environment is worth taking a risk off approach.

That is all short term share price expectations. My view on the business outcome is that this is great news and looking forward to owning the next phase (rather than relying on a licensing deal).

All IMO, please DYOR and GLTAH.