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Ann: Strategic Investment from Craig Sellars, page-25

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22/03/24

17:22

Post #: 73018340
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Originally posted by Jimbill: ↑

I am not surprised by this to be honest, it was a decent raise and many of the sophs were sitting on 20-30% profit. As everyone has different investment strategies there would be some who simply aren't bothered by the story or potential and just want to take a set profit when its there, 20-30% is great margin. Many would have hoped for some decent news flow post the CR to flush out their shares but this hasn't come yet. Most companies will save some news flow for post CR to flush out the shares but this hasn't transpired and resulted in my view of people taking profits to move on.

Personally I am here for the bigger picture and longer term prospects. Management currently in the US so hopefully some contracts get signed while they are over there. Company resellers attending conference in India, Sony no doubt marketing their spatial reality display and you'd assume the first round of VETs should be getting rolled out with their access to the file transfer service very shortly.

On the plus side the more of the sophs from the CR that can exit now at these levels means that when news does drop there will be less shares getting sold into any momentum.

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is there any such rules where after capital raising you are not to release any significant info for a period of 4 weeks

SHG Price at posting: 12.0¢ Sentiment: Buy Disclosure: Held
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