Ann: Fluence June 2019 Quarterly Report Business Update, page-70

Yeah I get the feeling the entity unrealistically stacking the sell side in the week prior to today (mr 300's) was done so in preparation for 'soak' today. Whilst there may be a big buyer, unfortunately there appears to be little competition and they will be able to continue push the SP around however they wish to get their fill. IMO they have complete control of the SP and will continue to do so until there is more demand and competition for shares. The casual drift back from 60 on very low volume was evidence of this lack of buying competition despite significant volume going through at 60+. Furthermore, there appears to be three catalysts for another CR. 1. Failure to secure funding for SQ. 3. Ivory Coast not closing on schedule (or at all). 3. Additional investment in China to enable final assembly in individual provinces. I think these are all possible and based on historic progress of these projects/activities (delays signing the initial Ivory Coast contract, SQ delays generally and slow uptake in China), I'd say another CR is well and truly on the cards. Once we do achieve EBITA+, IMO the move north will be swift (as the backlog continues to build and will eventually translate to cash flow) and we should see a MC close to billion within 18 months... More pain to come prior though IMO.