Nothing like kicking someone when they're down, hey Letsee?
As it happens, the placement went to new and existing institutions, not just sophs and retail. Guess you missed that part. As for self-funding, excluding Slattery, when was the last raise? 2019 for $2.5M. What was it for? Accelerate sales. What happened? Sales growth. Don't believe me? What were cash receipts in FY2019? $815k What are they now? Hint: Not $815k
Slattery is a non-event. He may be leaving, he may not. We'll never know now he's under 5%. Makes no difference either way. If it is him, good riddance. Anyone who exits at a time to cause maximum harm to the company - having previously hammered the SP with complete disregard for the company's wellbeing - we're better off without.
As for Ian Olsen, I'd say his knowledge of public markets and how to build and grow a listed startup exceeds anything you or I will ever know.
Wait long enough and the truth always shows its face.
3DP Price at posting:
9.8¢ Sentiment: Buy Disclosure: Held
