L1 Capital Global Opportunites Master Fund, page-63

So the only thing they have left to sell is $683k of Tranche 1 B shares (once they convert that remaining balance). At least they are nearly out of ammo to hammer the share price with.

I suppose despite the positive update this is why trading on XPEDD remains subdued....plus some damage in sentiment which will probably take a while to work through. More can deliver positive updates and critically meet revenue milestones from here the more we should be close to the lows.

I guess it is how much you trust the update and their ability to deliver from here on what they have outlined as forthcoming milestones....