wouldn't really call difference between 35c and 30c as getting shafted, old days that's just 1.4c and 1.2c, pretty lucky to be able to pick up at either of those prices tbh
it's not just that "block trade" that might be creating this selling pressure, it might even be nothing to do with it that is purely ppl speculating. it is quite obvious that there will most likely be a cap raise within the next few months (potentially longer pending this govt rebate) and that is a big reason why ppl would be selling currently as many ppl are short term oriented and thats more than ok.
to add onto the cap raise, the quarterly update made it quite clear that the partnership agreement (whilst progressing well) still has some time to go before potential contracts signed..could be end of this year or early next who knows.
are any of the above points bad? not at all, just nature of early stage of a tech company trying to commercialise its product.
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