So basically nobody here has any idea about how placements work...

So basically nobody here has any idea about how placements work or can even put forward a basic case for this business being worth over $400 million.

Thanks all for the reminder why I rarely post — nobody wants to engage in genuine debate and everyone takes offence at the slightest bear argument.

It’s not a profit until you sell folks... on the balance of probabilities this stock is tanking 20-40% within a week. I’ve locked in my profits and will patiently wait until the sophs have finished dumping to buy back. Come Friday and next week all the retail bids will be getting mowed down quicksmart. The only reason I posted was genuinely just to help you retailers to lock in some decent gains before the sophs get their shares. I’ve certainly learnt my lesson and won’t bother in future!