This is an excellent development as Acorn Capital is an...

This is an excellent development as Acorn Capital is an extremely well respected Australian micro-cap fund manager that has been running a micro-cap fund for over a decade producing great results. Being a professional investor they would've done a lot of research before buying such a large position as they would know that if they are wrong on their analysis and this business fails they have no chance of selling their holding. Their mere presence on the share registry would also signal to other fund managers that MX1 is a solid company trading at attractive prices with a good long term prospects to grow earnings, as as such they should also consider investing.