Ann: Appendix 4C - quarterly, page-4

It's all been offscreen when any volume has traded but Cannacord has been the main buyer.

I don't see it as particularly cheap and blockchain is still very much an unknown in terms of how it will evolve and penetrate (despite the bullish rhetoric that pretends it's a given).

But they have a strong team in place and some decent "clients", even if the revenue generated is still quite modest. It's a play on them converting one or more of their leads in the coming qtr or two and they have no need to raise for 2-3 qtrs.