Ann: Tyro 2021 AGM - Chair and CEO Address to Shareholders, page-41

smashed off high of over 4 to 2.50 ish on outage and short report

Matter was controlled and somewhat dealt with along with the short report which accelerated prices down

As it regained 3 and moved above 3.5 ish - a series of people left including a director and chief tech officer I think

Market then recaptured 3.50 and took another shot at 4 but it was revealed that Fite had been selling hard

Bang back to 3.5 but rebuilt on good figures despite covid lock down rampage and extensions etc, shares had another go at 4, but more Fite selling,

but the results were good and many thought it was over, legal issues behind etc, covid number look good and it again started to flirt with 4 from 330 ish

Got to a new high 4.39 and guess what more selling by insider Fite, ignored by many and ok that he cashed out with the strength of getting into ASX200 (which is a good thing).. I disagree, frequency seemed impatient to me

Then there is news of class action And the high is gone and its struggling to hold 4

Good covid ramp up coming through weekly reports and its trying to hold 4 and break 4.20 again but cant.,,clearly some caution with fite still holding million and millions of shares

Now another resignation, early director and holder also associated with another major holder thinks its the right time....

Then the address today - gross profit 38.5M for the first 4 months of the year which has also recorded growth despite covid - this imo is what really sent the shares down,

despite growth in transactions, GP on an estimated annualized basis , from thier presso, despite covid transaction reports is est 115M , which is actually less than FY2020 which saw a stella GP rise,,,,,,,,

so questions about profitability, top line growth come into question imo and then shines a light on directors leaving, directors frequent sell downs, and questions as to what other major holders will do now that a director resigns today that is a major holder ,

Then of course no forward guidance is given despite questions...

REsult, a shredding as perhaps the increased transactions have not resulted in as gross profit as many of us have been thinking from these weekly reports which have held and slowly started to increase,

by todays price action it was almost like some big holders were running for the exits to capitalise their huge profits at any cost....

Time will tell if we see any notices 5 days out.

Wild day indeed, personally saved by selling on last directors notice, I never ignore such a series of rampant selling, so today's big holder / director resigning imo will and should cause some to be more cautious of a major share overhang especially as GP for the 4 months to 31 October doesn't look like its going to beat last years result despite transaction reports which have been encouraging.,,,

sadly with no guidance wanting to be offered imo the market will stand back and churn I suspect until it sees the half year report or some sort of real big increase in transactions reported.

Will be interesting to see what comments re numbers come out overnight or if it affects a buy sell or hold rating and price targets.

good luck