Ann: Funds Under Management - November, page-6

This stock is principally held by retail investors. To trade it the correctly one must consider the mindset of owning cohort.

The pre September 2021 SP decline was initially the result of declining FUM, that is obvious to all.

The post September precipitous decline was triggered by Judith Nielson's fire sale of 20% of the company, and then the stock distribution falling into the hands of the new owners.

Retail investors were stunned to see 50% of the value of their holdings evaporate so quickly and have been looking for an exit at a higher price.

Negative news flow has shut that door.

As a reasonable reader of the retail mindset, they have the attention span of a goldfish with a correspondingly low patience and pain threshhold. The October onwards selling is both consistent and lowish volume, typical of the sentiment attributed to a retail stock, retail fund, retail anything. From memory this pattern has happened at least 3 times since PTM listing, each of them an excellent trading opportunity for the more experienced investor.

I don't pretend to know the future so nothing is certain. I also cannot pick share price bottoms, I am usually too early, but rarely too impatient. I invest on the balance of outcome probabilities and on that basis, I would love another couple of months of SP weakness to back up the truck.

Each to their own, and DYOR but this is not a stock going to the wall, it has many avenues to navigate forward and highly motivated managment to make that happen.

That, posters is in my view opportunity.

GL:TASH