On the buy side, the 5m now moved to 1.5c order is just window-dressing and would never get filled, and so are the ~12m spread across 0.1 - 0.8c.
Someone is clearly working against the company's endeavours to grow the valuation of the business and raise its profile in the market.
One has to feel for Simon - he's successfully orchestrated and integrated the past acquisitions, managed cost base and delivered positive cashflow all in the space of 18 months. Yet he is at the mercy of the financial engineers at play. At the dark corner of the nano-cap market, one can't see any sea change coming now that Simon's played all the cards he could have played as the CEO.
Wonder what anyone else on the board (Domenic, Mark, now Lorenzo) think about their investments stuck at neutral, when there seems to be endless supply of shares being sold at 1.5 - 1.7c?
The only possible game changer is a new player coming in and mixes things up a bit, which with a 9m market cap looks unlikely.
HT8 Price at posting:
1.7¢ Sentiment: None Disclosure: Held
