Response is huge by potential clients/ counter-parties that they...

Response is huge by potential clients/ counter-parties that they were meeting with in the US. For small companies (such as ELS); it's extremely important to market their business and capabilities which is exactly what they are doing in the US.

In terms of the investor roadshow happening in parallel, this obviously won't lead to immediate buying as it takes time for funds/investment companies to do their due diligence before pulling the trigger. This also helps with future raising activity in terms of locking in early commitments, cornerstone investments, etc.

What's important to note is that management has delivered on all announcements over the last few months, funding is strong and they are well positioned with a number of different verticals in the pipeline. I wouldn't worry much about recent selling as the volumes have been low and the global equities markets in general have battled due to macro factors.