Ann: Alcidion to present at ASX Breakfast Event, page-125

Who are the instos you were referring to in states broker data?

I remember Morgans but they are more like a broker and if I remember correctly, the value of their transactions amount to less than $60k all up.

On the one hand, I think (and I really want to be wrong on this) it is highly unlikely Alcidion is on the radar of major instos. Too small and no track record of revenue and market share growth.

On the other hand, rational retail investors would not engage in the low volume pip selling and small volume transactions that we have seen. Think of the transaction costs. Only instos can access low broker transaction fees and have the systems in place to negate buying momentum whenever it starts to build via timely low volume sell-out.

It might also be worthwhile to do some research on Nanasonics to find out which small/mid cap fund managers were invested in it. In my humble opinion, this would provide us with some clues on the instos that Alcidion is targeting in its upcoming roadshow. The key here is Rebecca Wilson and the credibility that she brings. She is opening doors that would otherwise be closed to us if we went knocking on our own.