Disappointing day no doubt. Thought it may have started around...

Disappointing day no doubt. Thought it may have started around 23-26c, but not to be. Especially when there were two brokers behind it, you'd think a little more firepower would be at hand, but didn't look like there was much at all. Structure-wise, of the 16m original shares, only approx. half were actually escrowed. While that might be a small proportion relative to the amount actually issued under the IPO itself, it's these ones that if they start to stack, and outbid each other to exit the gates come the opening bell, then it drags down the IPO holders too into bailing at open. In any case, will continue to hold both parcels for a while, see if trading improves from here as I'd like to think it will.

The kicker, from an opportunity cost perspective, is that Renergen listed today and, while very illiquid, still managed to rise 25%. Don't think anyone here even really gave it a glance.