I would suggest Baird & co. probably organised the preso as a pre ipo prep for potential investors/awareness.
All part of the IPO build up which is now only 6 weeks away.
Maybe more detail regarding the IPO will be revealed at the GM next Tuesday. We can't be kept in the dark for too much longer. As shareholders we also have to make decisions. Does the US listing need shareholder approval ? We would need 4 weeks notice for a meeting which would have to outline all the listing details. Time is getting tight if we are listing in September.
Maybe also, this US buying which is currently evident through the broker activity is Baird & Co. saying to US investors/funds that if you want part of the upcoming IPO you have to buy a certain amount of shares on the ASX because they know the IPO price will be higher than the ASX traded implied price.
AJX Price at posting:
85.0¢ Sentiment: Buy Disclosure: Held
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