Ann: Change in substantial holding, page-7

The idea of privatisation would be tragic IMO. To not realise what I think is this investments full value given everything we have endured (and the time and effort we have all devoted) would be incredibly frustrating. I am curious how you see this as being a good outcome for holders? I do not have much experience with the process and impacts on retail holders.

Personally I don't buy into this theory. High holding percentages at these levels aren't surprising, and as good results come in (starting with the last 4c) SP and liquidity in the stock may quickly increase if revenues continue to accelerate. Accumulate now to sell on the way up makes perfect sense to me.

Evidence I can come up with to the contrary for privatisation:

Last years AGM slide 18 - "being publicly traded is a significant competitive advantage"
https://www.asx.com.au/asxpdf/20191126/pdf/44bylltglvkq4m.pdf

Recent funding agreement with LDA - access to capital based on equity and listing? (including a $900k commitment payment, which would seem a giant waste of money if this was not going to be used and privatisation was on the horizon?).
https://www.asx.com.au/asxpdf/20200311/pdf/44fxvqw44p3sjp.pdf

All just my in my opinion, DYOR

MJ