Koi - the 28c is before the 5:1 consolidation that occurred. From the pre ipo round the uplift was only 19% and all of it is escrowed.
The selling is coming from the muppets at Ords/Moelis and their insto buddies who they chose to give it to. Complete fail here.
On a positive, the company at these prices looks compelling. You have the major category of travel (which went to zero in covid) coming back online with borders opening etc, and the ANZ is a gamechanger in multiple ways.
Talk about botching a good opportunity - muppets!!
Koi - the 28c is before the 5:1 consolidation that occurred....
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