I came across this stock late (phew!), so don't know about the history behind the seed investors or suppliers however I can't image why a seed investor would agree to being escrowed. I certainly wouldn't. Maybe the suppliers that were paid shares in lieu of cash were the problem which isn't uncommon with cash strapped unlisted companies.
However, I do agree that the board is responsible to bring their shareholder base along for the journey. They clearly haven't done that so I do appreciate the bitterness from those that participated in the IPO. Hopefully that have learnt from this and focus hard on shareholder engagement moving forward which is almost a full time job if done well.
Either way, I agree its a promising company that has some excellent products and sales momentum so I am happy to invest and see how things play out over the coming quarters. It's certainly not game over here unless you have decided to realise your loss. Then I agree, time to walk away...
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Last
69.0¢ |
Change
-0.005(0.72%) |
Mkt cap ! $150.0M |
Open | High | Low | Value | Volume |
70.0¢ | 70.5¢ | 68.5¢ | $57.01K | 82.49K |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
2 | 6507 | 69.0¢ |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
69.5¢ | 4120 | 3 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
2 | 6507 | 0.690 |
3 | 18700 | 0.685 |
12 | 128905 | 0.680 |
3 | 22326 | 0.675 |
5 | 14507 | 0.670 |
Price($) | Vol. | No. |
---|---|---|
0.695 | 4120 | 3 |
0.700 | 7425 | 5 |
0.705 | 27567 | 3 |
0.710 | 41291 | 5 |
0.715 | 3165 | 1 |
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