Unfortunately pre-revenue companies require ongoing funding, so,...

Unfortunately pre-revenue companies require ongoing funding, so, unlike banks, the share price is relevant to shareholders.

Every holder would prefer their shares to be diluted as little as possible, so I think it is reasonable for holders to be concerned when the share price is falling 30% within a few weeks.

Too many great products have failed on the asx due to their inability to secure finance at the right times, and this inevitably results in the inability to develop the technology properly because they are consistently raising small amounts of money (10% share issue capacity) and this spirals our of control.

Hazer is a high capital project - the demo plant might cost around $10m.

So if there is no news, and the price gets to low 20s, you can bet there are people that will jump ship that believe in the technology, because they have seen this insufficient capital card play out too many times in the past.

I believe in hazer technology and so does selfmade, but most people here are here to invest in good companies, not simply good technologies.