I await the sell down. I notice one lucky insider held ZERO...

I await the sell down. I notice one lucky insider held ZERO shares prior to this. Good on him for not stumping up 1 cent to support the co - and now he has 10 million. I wonder how long he will hold before dumping into the market or looking to place out to anyone?

Now we have what is technically referred to as an 'overhang'. NO institutional investor will buy in market as they sit patiently and await the placement or on mkt selling.

This only goes down from here in the short term. My opinion only but I have said it and I am happy sticking to my thoughts. Good luck all!!

Sentiment changed to Sell from here