Nothing against the Company and certainly not against you, but just to clarify something: Being a "sophisticated investor" has a pretty low threshold: - a gross income of $250,000 or more per year in each of the previous two years, - or net assets of at least $2.5 million (So owning a decent house in Sydney or Melbourne will get you there.)
I can't imagine either sophs, institutional or retail investors being happy with a 40% + loss over the past 15 months or so. Just considering lost opportunities makes them look a bit silly in retrospect, hardly "sophisticated". Maybe they should have skipped the IPO and be buying in now?
(Sorry for the rant, its frequently seen where sophs overpay and I often wonder who is advising them and if some of them are plumbers with an inherited house and a piss poor broker.)
I've been watching MTM for a while and will continue to and wish you the best.
