I don't know about others but Insto's don't hold if they don't trust management. Trust is a huge issue for me. Given the $2.27 raising in October 2020. I suspect the share price is a reflection of the total disbelief that on 27 October this business was doing relatively well. Certainly well in the first Q of 2021 and now its a total basket case.
I wont put 1 c more into this and suspect that during June you will see a steady stream for the door - tax loss selling to cover some better profits elsewhere.
Certainly this is in my portfolio but the management seems to suggest it isn't worth anything more than $1.60. So I must accept I was very naïve to take up the spp.
This puppy is dead until a new team takes over - not just the md but a board renewal is required.
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