another day another valuation upgrade!, page-15

Hi,

Nothing has happened. Vaughn and the team have a narrow window to sell shares. They have taken the opportunity (listen to BRR.com.au) Vaughn is selling some shares on the way up. He sold shares at 1.20 to keep the wife happy -as you do! He has sold more, but still hold 80% of his original holding. He needs to diversify / buy some toys. Good on him. He is still one of th best and brightest CEOs I know and supported by a team with a great track record.

The current sell off is dumb market and even today I contemplated picking more shares up but they went back up to 3.31. Don't worry analyst valuations remain valid...come May market update / end year results all will change again.

SD