Looks like it was a race to the exits on IPO. Another poor tech...

Looks like it was a race to the exits on IPO.

Another poor tech IPO. I imagine that many of the 16 cent pre ipo shareholders were looking to exit. The listing was 3 months late, however the company has made great progress in that time.

I understand that of the $5 mil raised that 2 funds took $4 mil of it. So once the dumpers are out of the way it should rebound over 20 cents in the new FY. Lets hope these funds are more longer term than many of the flipper funds playing this end of the market.

Next few months should have some good newsflow.