German Trading, page-700

I agree the market hasn't built in moving to phase 2 in January as this isn't clear from the AGM presentation released to the market. While I hope this is true I haven't assumed this is true as I haven't heard this from the company. Either way there is lots of potential with this company which the large purchase from Roly makes only clearer. let's also not forget that the option overhang is no longer there and for the most part GEM/Regal have exited so there will be less downward pressure as we climb in the coming weeks/months.