They are well and truly aware of holders thoughts on this matter and there is so much institutional demand for the stock that "if" any of these holders close to the company were to want to sell, well I reckon they have no problems finding any willing participants! Will this correct some, sure it will but at what level, what value are insto's putting on a database of over 1.1bln, what did US investors put on Facebook with similar numbers and no earnings!
By the way, Joanna is doing the rounds in Hong Kong starting next week, then Singapore and the Sydney and Melbourne, I'm sure the magnitude of what they are setting up here will keep spreading. I hope overall markets behave for everyone too
1PG Price at posting:
$4.30 Sentiment: Buy Disclosure: Held