Hey Arryd Wouldn't be too worried about our friend beach...

Hey Arryd
Wouldn't be too worried about our friend beach (thought he may be back given share price fall)
I as well have stayed away for a while but given he is back ill add my 2 cents and provide some facts
The product does work and quite well, i have spoken to some users. Its very unlikely that you will see
testimonials from Fortune 100 companies but i believe it will be addressed in an upcoming research update.
It never got indexed into the ASX as our friend thinks but it did get a MSCI inclusion and actually got
upweighted again last week.
If you check the substantial you will see that Fidelity took the bulk of the 4.50 placement.
Hedge funds will hold there shares with a Prime Broker so as they can gain leverage. Not sure what he is talking about with respect to PB Ops and there motivation??

Beach is trying to pray on the unsophisticated retail investor by spooking them.
Not sure his motivation really as given his amateur comments i very much doubt he is short.
There are alot of people very threatened by the new way forward in HR tech. I would point you
to the fact that LNKD just bought 1pg's closest competitor being connectifier.
LNKD are definitely threatened!
I suspect Beach is one of those that are quite threatened. Quite confident he is not an investor.

Shorts have definitely being targeting the stock. Its easy pray in this market as revenues will be a laggard on new signings.
Hopefully the quarterly will give a decent update.
Good luck all.