Yes the aggressive selling at 16.5c is finished. That @179k has been sitting at 17c bid for a while. But 18c is still a bit of a hurdle present. Peterson may well be selling, he’s not obliged to disclose as he’s not a director and he has under 5%, @13m, although I suspect its too cheap for him to be significantly selling. I’m inclined to think its just a combination of stale holders, remembering 121m went to instos a year ago at 28c, and of course 41m to various Linear, now out of escrow.
No buyback effort since Oct 28.
At this valuation, you would think one of the industry participants would be prepared to step in and take a position. It looks a natural for Hub24 to absorb with a scrip bid.
