If you take a look at the registry in large it's pretty...

If you take a look at the registry in large it's pretty much all owned by directors, management, etc. So the little free float that is left will be a lot of retail.

It stands to reason that the only people buying and selling are the retail who for the most part don't really know what they are doing.

MEI as an example only got that second wind after a 25M placement in April.

So really up to the current share registry as to whether they want to buy hold or sell before the corporates get on board and push the dial - I'm garnering they'll only do that once they have their fill.

in the meantime retail will pip and flip between eachother. I'm still surprised it's not double this price tbh. I believe fosters got a small placement on last raise and is now releasing notes on VMM.

it should be noted that they were also the broker supporting MEI. So I expect clients to look over the fence shortly.

SF2TH