In theory, yes, it could have been 100's of small holders that crashed the raise after the Infineon announcement... which was positive, so why would sardines like us sell?
But it was more likely a power play by a large holder that wanted to scoop up as much of the company as possible...at an opportunistic time when everyone else was on the beer and prawns.
If they were successful, you would see them show up on the register - i.e. taking a big chunk of the non SPP raise - and this in itself is good news - they wanted to 'blue whale' the raise to scoop up as much as possible, cheap, before the sale.
We just have to sit tight... most of the risk with PL6 is gone - they have shrunk the stack and it works... now they just need to bring the cells 9X closer together and hope that neighbouring cells don't stuff up each other when switched on and off... but we are non-filamentary - so this is a huge bonus when scaling.
Ting, bring us home!
4DS Price at posting:
3.5¢ Sentiment: Buy Disclosure: Held
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