Ann: Change in substantial holding from IFL, page-2

Again, exactly has I expected - shake, shake ,shake.

Weak hands sucked in and liquidating insto's , with no choice but to sell at any price.

IOOF no fools happy to sit back and Cregan just like anyone else , saw bargain and took advantage - good to see.Nothing wrong with getting in cheap - remember he has steered this stock from a 9 cents penny dreadful, that no one wanted , to the stock hitting more than $2 on more than one occasion- so there was adequate opportunity for profit takers.

Sure some speculators may have lost money or be behind the eight ball , especially if they bought at the high end,which is regrettable but this is the nature of the share market.Whilst Cregan's selling was not a good look , one cannot begrudge him of the ability to take some profit along the way.He is still the major shareholder, regardless of his previous sales and from what he has stated , totally committed to retaining his existing holding.

Whilst contract execution rate has been slow of late , I like the companies long term prospects and believe this to be a short term hiccup , which will quickly revert ,on back of a good announcement or two , which is well over overdue.

IMO, grossly oversold -would expect this to start moving North , all be it slowly .