Further Update on Edwards, page-158

You may be correct Lex,

I sense there might be additional factors contributing to the current market downturn beyond the conversion of options through the selling of fully paid ordinary shares.

While we’ve conveyed that our product outperforms our competitors,I believe now more than ever, there could be concerns among our rivals regarding our ability to thrive independently.

This likely stems from the realisation that our success poses a direct threat to their businesses and earnings.

With our market capitalisation currently under $300 million, it appears strategic for them to capitalize on this vulnerability through broker connections, driving the share price down substantially.

This maneuver could hinder our ability to raise capital independently, leading to increased dilution and potentially pressuring us into accepting a lower-than-desired takeover offer, sooner than later.