Do share the same view and a bit more to add.
I don't think any of the previous managements could ever have the ability to pull this type of presentation off. It takes great confidents to showcase each of the 4 segments of the business. In the past, with 13 profit centers not cross selling to each other, and perhaps not even talking to each other, today's extensive investor presentation gives me some comfort that most of the ghosts of the past have been exorcised, may still have a few skeletons hanging around, but it does feel like there is a rebirth of the company.
I find the summary by Ben and Tom at the closing of the 3.5 hours presentation most comforting. For a company of less than US$35M market cap with a worldwide business activities, a patented technology that not only works and more so, commercially viable to adopt, plus another process patent expected to be obtained in few months time, it has to be real this time.
I believe the 2 downgrade announcements at Q3 of 2023 and 2024 had cause a dent in the Trust Capital of the management, which this is one part the market is still waiting to prove their credibility to the shareholders and the future investors. I am hoping to see a positive surprise than a disappointment again at the end of July this year.
Lastly, I think the current sell down is due to the continuous liquidation of Pond Venture. On 6th Dec 2024, 21M was sold to DB and NO, that left 16M in the beneficiaries of the funds and they have been reducing. Plan B has not sold any neither is Employee Equity. I do hope we are see the end of that liquidation. Couple with tax loss selling in June, I hope it is the bottom at 3.4c and had put in some coins there.
It has been a long, dark and cold tunnel, hope that light is the daybreak and not a phosphorous glow from a dead body.
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