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
31.0¢ |
Change
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Mkt cap ! $65.97M |
Open | High | Low | Value | Volume |
30.5¢ | 31.0¢ | 30.5¢ | $19.67K | 63.87K |
Buyers (Bids)
No. | Vol. | Price($) |
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1 | 17246 | 30.5¢ |
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Price($) | Vol. | No. |
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32.0¢ | 2213 | 1 |
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No. | Vol. | Price($) |
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1 | 17246 | 0.305 |
3 | 28587 | 0.290 |
1 | 50000 | 0.285 |
7 | 115454 | 0.280 |
2 | 350080 | 0.275 |
Price($) | Vol. | No. |
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0.320 | 2213 | 1 |
0.325 | 6625 | 2 |
0.330 | 12500 | 1 |
0.340 | 81666 | 2 |
0.350 | 92653 | 3 |
Last trade - 15.52pm 10/05/2024 (20 minute delay) ? |
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