Ann: Zip Completes $120m Oversubscribed Institutional Placement, page-82

Mate what are your thoughts about the number of shares they now have out in the wild? I know SZL has a fairly tight register, and APT with both its insto involvement and its huge market cap harder to mess with, but I worry there is just so much liquidity in this stock it's causing headaches for them. The fundamental performance has been impressive, so perhaps they are hoping over time more instos buy in given the value on offer, but it'd be good if they could soak it up a bit somehow. My only concern is that they really need the stock to pop so that they can go for the much larger cap raises the way APT did - if they could get $400-$500m on the books it would be a colossal boost to their operations, however not feasible until the stock at least doubles from here, maybe even a touch higher.