Good post gassed.What shareholders need to understand is a group...

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Diabloracer

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04/04/24

11:13

Post #: 73184244
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Originally posted by gassed: ↑

Now let's all use some common sense. Who would be selling at 1.3 and 1.4 and possibly right up to 2.0??? Answer that and I think you can then understand the BASIC logic that is happening now, and, probably, for days/weeks to come.
The only logical sellers right now at these prices are those that just DON'T want anything to do with the company. Regardless!! THEIR agenda has been destroyed and they couldn't give a damn about making money. They bought, and probably manipulated, for an obvious reason and that's history. OUT!! And logic would suggest that most of that 82 million that voted against the company's recommendations, would be represented in what is being sold at these levels, including the UNTOAs.
No doubt, except we don't know how many they have left and we will just have to see when they stop selling to find that out and sell they will.
There are also people who bought into the Entitlement and possibly maxed out with what they couldn't afford and are now getting some of that cash back and just retaining the options.How many???
Then we STILL have the sophies in the Placement. Most wouldn't be selling for less than 1.4, but, you can bet that they will be selling from 1.6 onwards. How many???
It's fundamental stock market basics. We won't know how long this selling will last until it happens. There is no transparency, just logic to rely on.
Trying to use the blame game, or, emotive theories, serves no purpose but to deter potential buyers. IMO, they WILL come in when they can see the obvious potential overhangs disappear, even though it's great buying at these prices. How long???
But, guessing doesn't help anyone. LOGIC!!!
We WANT to see selling, ASAP, before all the seriious big news is to be released, or, is that the new agenda for those whose "other plans" have been scuttled???Soon know.
And here we are wanting more PR in Australia when one of the biggest incentivizors is Hot Copper, which is being filled with negativity???

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Good post gassed.

What shareholders need to understand is a group of individuals have just recently tried to take over the company by NOT MAKING a takeover bid but by trying to get board control.

These individuals collectively had just over 5% and some of them took up their entitlement rights. Giving them I would assume around 60m shares collectively. If they are selling out the market will need to absorb this stock before moving higher.

The company will know who is off loading T+2

There will always be selling after a placement. Some will sell their shares and keep their options, others will sell their options and keep their share. Others will hold both. Thats the market.

Idan certainly knows he must deliver and thus far he has delivered on the Road Map. With respect to large commercial contracts and revenues Idan also knows these also need to be delivered.

IMO it is pointless discussing the same thing that everybody knows IE What is required. The placement has just been completed lets give the Unith Team a bit of time. They are working on larger contracts but anyone that has been in business before will understand these do take time.

UNT Price at posting: 1.4¢ Sentiment: Buy Disclosure: Held
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6 Great analysis

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