Hi Long-term and New-term holders.
This is a very tightly held share registry. You will notice when we ran couple of weeks back, very limited sell side stock came on the market. You will also notice the pullback has been on very little volume.
The above tells us all that the turn-over has been a retail investor base entering the stock on the US Listing news and Bowel Disease news and then becoming bored and exiting the stock.
“IF” this new retail investor group did some research they would have seen the fundamentals and potential in this business are strengthening and growing by the day.
Today and the coming weeks are an incredible opportunity to accumulate some stock volume.
There will be a point in time that you wont be able to buy a significant parcel or share-holding due to an absolute unwillingness from major share-holders to sell – me included.
If you are a fresh investor, don’t look at the share-price action, do some reading of the previous ASX announcements and you will become a very confident long-term holder.
Go Incannex!