Ah, the line of least resistance. You've done your reading,...

Ah, the line of least resistance. You've done your reading, limpopo!

Tend to agree with what you're saying, though at 2 cents MC comes into play. For that reason alone, can't see a circa $15M MC being hit, or lasting long if it were. But there are those who might say I am rose-tinted vision impaired.

Line of least resistance - I think it's already being tested. Someone with reasonably deep pockets has had the million+ lines in for the last week or so and they haven't been hit. Can't think who that might be but they coincide with the recent placement at 8 cents. Why tested? Because the algos are hard at work. Yesterday there were three trades for 4K, 6k and 11k followed by 21 individual micro trades for amounts between 12 shares and a couple of hundred before the million line at 4 cents got hit with 344k. When that failed to open any potential panicked selling floodgates it was followed by a few more nibbles - 50k, 115k, 34k - again interspersed with 17 individual micro-trades between ten and a couple of hundred shares to keep it at 4 cents for the close.

This has been the trading pattern for weeks now. Tells us, me at least, that there is more than passing interest in Pointerra from participants outside retail.

Meanwhile the stack at 4 cents has been replenished to just under a 1M (933k). Total shares down to 3.7 cents still sits at circa 4.5M even after yesterday's 'raid.'

It promises to be an interesting run into the next quarterly.

As for recently appointed Director Damon Fieldgate, mentioned by Ian at the AGM, and Partner of global PE outfit Banyan Software, maybe the fox is already in the henhouse? Last line of his LinkedIn Bio is illuminating...

28+ years in sales, marketing and operations with local, national and international companies; 18+ years General Management PL experience; 15+ years in that capacity with public listed companies. Developed and executed an arsenal of leadership and growth strategies achieving positive outcomes in competitive, demanding and challenging markets. Focused on staff and the customer experience as paramount to achieving goals for the organisation. Sets the vision and provides strong leadership through leading, directing and managing large teams across geographically disbursed regions with cultural sensitivities. Develops entrepreneurial teams driven by results outcomes and promotes long term business relationships with customers. Detailed experience in Mergers and Acquisitions from due diligence to business integration, managing behaviour and cultural change whilst maintaining sales and profit momentum. Experience from a retail banking and finance to being involved in technology start-ups, being a pioneer of internet ecommerce in Australia (www.carsales.com.au), and IT services.

For over 20 years Damon has lead and grown businesses in a variety of verticals and industries. After 10 years in the USA Damon returned to Australia in Jan 2023 to lead the Banyan strategy for regional growth in Asia Pacific (APAC).

Specialties: As an experienced Senior Executive:

• Set and hold the purpose, vision and belief in success.
• Promote the purpose, vision and belief into reality through directing and managing resources and perceptions.
• Defend these from distractions and detractors, both internally and externally.

https://www.linkedin.com/in/damon-fieldgate-3218735/?originalSubdomain=au