I understand from sources close to one of the earlier raisings that a large participant in that raising is exiting.
apparently there's a large buyer too, but I cant say we have seen too much of him - he certainly is doing his best not to be too obvious .
Fundamentals are all there still - iBuy is growing exponentially; BYO is doing well and the leverage that Flight centre brings is a masssive positive although may take a while to manifest fully.
Anyway, someone took a dump shortly after 11am today which wiped lines all the way down almost to placement price long, long ago at 1.2c... SP Hit 1.3c today before buyers rushed back for the value on offer.
I topped up again although I realise its a long term hold. I reckon this seller has a bit more in the tank still. Once he's finished, we'll return to where we should be IMO.
cheers
J
IBN Price at posting:
1.8¢ Sentiment: Buy Disclosure: Held