$1 Club, page-19716

Another angle - a CR, that did not allow retail participation - was the first event in a period of time that has seen the share price reduce approx 50%.

The companies cash position prior was far from dire, and one of the primary strengths of IOUs investment case is its revenue outside of developing BNPL aspects.

Has the last CR significantly accelerated revenue growth, worthy of a such a retrace? Exisiting holders were both diluted and disadvantaged, for the upside of a bank balance that may produce future and/or accelerated result. Time will tell - but celebrating investment because a SP is trading significantly below a CR or some perception of fair value seems at odds with all investment principles other than opportunistic entry.