Ann: Proposed issue of securities - CMD, page-6

Hey Emu, interesting post — and Batfink, that’s a classic!

To the substance: it’s pretty obvious that sellers are drying up. When supply tightens, price naturally moves up — that’s just how markets work. The sharp drop from 3c to 1c back in March 2024 flushed out a lot of weak hands, and from what I can see, those shares have since been quietly scooped up by the top holders.

I’m no trader either, but it looks pretty clear that the net increase in holdings by major shareholders now outweighs what was dumped back then. That creates a squeeze: if anyone wants to accumulate now, they’ll have to pay higher prices — simple supply and demand.