IRIS General Discussion, page-8

Therein lies the opportunity.
In the current macro environment, I wouldn't be surprised if a number of seed holders are still exiting.
There's nothing you can do about it and it will dry up over time.
As I like to say, you can only sell once. Once you've sold, you're gone.
No buyer in their right mind would aggressively bid this, or any stock for that matter, in the current investment climate; notwithstanding the company moving into an asset with an excellent narrative for the short & medium term (at least).
However, the selling will be soaked up (I've been doing a little myself).
In many respects, I'm happy the geniuses selling aren't getting higher prices as they don't deserve it.
I'm both a seed capitalist & an IPO holder here.
I like the people, I liked the assets, and now I like the assets even more.
With June 30 approaching, markets in a swoon, coming out of a long suspension, the release from escrow of the remaining seed stock there are currently numerous headwinds for IR1.
However, the company is well cashed up and has not wasted any time in making its mark in the lithium space.
Is there a better place to be for lithium that the US? I don't think so.
I think all we need is a little patience and our deserved reward will be forthcoming.