Ann: 1st COVID-19 Market Update - no impact, page-17

The sell side can only enact their exit strategy when there is enough demand on the buy side.

Plenty of holders want to exit right now given 1ST is a microcap with negative cashflows, which in the current market environment -- is simply not appetising. We are seeing this across the ASX.

Today's announcement enabled higher volume because it increase the number of orders on the buy side with which the mass exit could take place.

For me personally, and anyone with a long term horizon, selling now is possibly the worst decision you could make by locking in a loss at all time lows. The price today or the price one week or one month from now does not matter (unless you are buying).

In terms of growth, the company is being priced as if it is a zero growth company but in fact it is growing about 30% per annum if you care to take a look through the 4Cs.

Cheers,