When you get offered shares at a discount that you can offload easily who wouldn't want to buy. Like the previous comment said, "where were all these investors before". If they had any dignity they would escrowed the shares voluntarily. Also, if there was so much demand why wasn't it priced at a premium?
I've seen this so many times before. There will be more games played with this stock over the coming months. Small but frequent pump and dumps, frivolous annys, fake buy and sells etc. All to get more punters in.
For holders I just hope they can continue growing at an exponential rate. That's the only thing that's going to save this stock. It's at a critical point where the market is evaluating the products potential. However, there's no strong independent evidence to date to prove it's uptake. The smallest bit of weakness will hammer the stock.
Will be watching the run rate and also the cash burn closely. I doubt these two metric will come right anytime soon for me to consider retaking a position.
9SP Price at posting:
15.0¢ Sentiment: Sell Disclosure: Not Held