Haha yep that 1m bid was legit, it was me! I pulled it at the...

Haha yep that 1m bid was legit, it was me! I pulled it at the last second after the match price fell right away from me. Traded in and out a few times with smaller parcels but was a net buyer over the day.

Portfolio diversification has gone right out the window, so hopefully this doesn't end in tears! I was reading through the FY13 annual report and realised I'd be #11 in the top 20 shareholders... Oops... That said, given the volume traded over the last couple of days, I would expect the beginnings of insto investment, which I think would increase as the market cap develops critical mass. There's simply too many small stocks to get the interest of instos, but I would think a market cap of $100m would justify running the ruler over it.

For the more risk adverse, I'd prob sit on the sidelines and wait for the 4th cohort results, assuming they're positive that would definitely de-risk the stock and firm up the investment case. I suspect many are happy to miss the first 100% share price increase in exchange for a de-risked stock?

Thoughts?