Cash is king and they need funds to continue to grow. When the...

Cash is king and they need funds to continue to grow. When the birds are chirping you give them a worm, as they say. The market was hungry. The insto investors are just an aggregation of sophisticated investors that have qualified under the ASX rule, they are just like you and me, they get their portion/dribble of shares from their broker and if they see a quick buck they take it a lot of the time by selling out. The spread between the market price at the time and the placement price was so high that it was obviously a no-brainer if you got the chance to participate. If they are still using Patersons then I reckon the sell down is likely to continue, they have typically have no strategy to support the company after the CR from past experience. This company has a great future. GLTAH.