Ann: Bookbuild launched to facilitate sell down, page-11

This is all a good thing IMO,
Of course the founders selling out is not a good thing, and we can only ponder why. The next 12 months will hopefully show the business has its own momentum that doesn't require the presence of the founders.
But the sell-down was already communicated and to get it done in one hit is just a necessary evil.
As was the discount in the sell price. This is no different to the discount offered in a placement.
There will be clear air after this via the removal of the overhang.

PPH have confirmed guidance - big tick.

We just need to see customers on the rise in the next half yearly, then this stock can return to the hot list. Right now the customer issue keeps it in the 'watch closely' list.

Gosouth