$1 Club, page-30527

Hi @Getx.

I think you’re inferring it’s fund money that’s buying in (please correct me if wrong). People have followed the numbers and estimated the Nominees via Citi have accumulated approx. 40M shares. That represents 7.25% of the register, yet not a single 5% sub. shareholder noticed has been posted. That means you need it to be at least two funds. Next, you have to honestly ask the hard questions: which institutional fund (i.e. managing client funds) is allowed to sink that much money into a highly speculative and fairly illiquid microcap, with very little cash backing, with an overseas management team, in a sector that has been dumped or shorted by all major institutions? Oh, and then to continue holding to the point they’re over 60% down? Watch the pros - that isn’t how they trade. Most have mandates that would prohibit them from buying a stock like this, much less bagholding it.

It’s just way too much of a stretch (as I’ve been saying since 30c). Cheers