Three more weeks and we get the quarterly report, if they get...

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06/10/20

08:38

Post #: 47870799
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Originally posted by T.E.P.: ↑

Management of the Lucern fund (buy/sell decision making) is now independent. Aaryn's directorship is now administrative (though still needs to be disclosed to the ASX as he is technically related).
The Lucerne fund had been invested for 6 years with huge position sizing and was on a 300% profit. External liquidity needs, investment duration, position-sizing, even staff turnover are huge factors in professional fund mandates that limit portfolio manager’s ability to hold extreme positions forever. There are myriad factors unrelated to company performance that can lead to an institution selling.
In this case, the fund is a Cayman vehicle, so there was also a considerable tax issue for the fund if over 10% ownership (it was the conversion some years ago that took ownership above the threshold).
Aaryn has recently left Lucerne to focus full-time on portfolio companies and CXZ is the priority with best potential over time (his personal view). Aaryn is not taking an executive salary as his upside will clearly be in the stock.

"I wouldn’t be working for free if I didn’t think there was meaningful upside in the stock over time."

T.E.P.

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Three more weeks and we get the quarterly report, if they get between 56-58k subscriptions and have had a reasonable amount of customisation and optimisation work then we are in for another cashflow positive quarter

good figures will settle the nerves
CXZ Price at posting: 1.6¢ Sentiment: Buy Disclosure: Held
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(20min delay)
Last 2.9¢		Change -0.001(1.72%)		Mkt cap ! $24.31M

Open	High	Low	Value	Volume
2.8¢	2.9¢	2.8¢	$6.101K	217.5K

Buyers (Bids)

No.	Vol.	Price($)
1	14999	2.8¢

Sellers (Offers)

Price($)	Vol.	No.
2.9¢	99870	2

View Market Depth

No.	Vol.	Price($)
1	14999	0.028
4	441593	0.027
3	3115000	0.026
2	320000	0.025
2	238333	0.024

Price($)	Vol.	No.
0.029	99870	2
0.030	2103118	8
0.031	1153360	5
0.032	453879	2
0.034	29440	1

Last trade - 15.32pm 18/09/2024 (20 minute delay)

CXZ (ASX) Chart

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