Intention was always to sell IPO Pirra and timing was around Sep 2023 qtr so at least management true to their word. Read into what you will but some positive news IMO. When I saw the trading halt immediate thoughts was Cap raise although I think they need that voted in the upcoming AGM
Also if we receive some shares we can obviously choose when to sell so in that respect IPO price not as relevant is my logic given its proportional? Obviously if CAI receive take cash proceeds a much different story although have indicated this is not favourable tax wise so will be interesting to see how it pans out under the current circumstances.
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