Ann: Investor Presentation - February 2021, page-11

I think another possibility is that a lot of shareholders are simply happy with what they have already made on E25's movement so far. There seems to be a constant stream of profit taking in this stock since say mid December. Take today for example, it recovers to $1.75 and meets strong resistance - a brick wall at $1.75 and 130,000 on the offer at $1.80. It then gravitates back to the $1.70 area - even after such a good announcement, and with a strong market as a tailwind. Simply not enough buying power to overpower the selling.

I guess what I'm trying to say is that perhaps we are experiencing a transformation of the register from satisfied early investors into longer term holders of the stock who can see the long term vision - a vision that should see the stock north of 3-6 dollars. How long this battle goes on for I do not know. However, given that the large part of the register is very tightly held I suspect at some stage - probably over the coming two months - hopefully the register might be far more focussed on the long term potential as opposed to protecting gains from the past.....