HopalongPetrovski
I'm Spartacus!
You can probably still add more until it is officially kicked out in a couple of weeks.
After that you’ll probably only be allowed to hold or sell.
That’s how my super fund has it set up anyway.
BRN Discussion Ongoing
- Thread starter TechGirl
- Start date
After that you’ll probably only be allowed to hold or sell.
That’s how my super fund has it set up anyway.
Boab
I wish I could paint like Vincent
Not Australian Super Hoppy. We are allowed to trade any stocks in the ASX300
HopalongPetrovski
I'm Spartacus!
Kachoo
Regular
I agree it's a non event but I see 2 favors could play out for the long.
If the index fund needs to sell share out of the fun these companies have multiple funds the will just do a cross trade to that fund that can based on their policies hold BRN. The shorter on the other hand is left to cover in 2 places.
1. Through The fund at an agreed price possibly ?
2. On open market.
The open market could get interesting as there has to be a real share sold to cover the share.
IMO many trades are the same instos trading left hand to right hand lowering price but only a few real shares were picked up from an exhausted holder.
Now the key question is what are retails willing to sell at to the shorter if they have to go to open market.
The short rally could run to 50 cents or 1.50 who knows and who knows the real value of BRN. That is where i think the SP will recover to. Im tak takjng revenue out of the equation at the moment.
We also know BRN closed the cap raise at 58 cents or so I think the Board values the shares at 60 cents a piece why? Was this a possible offer price that was turned down?
We also know that BRN was shorted from a while back so not all shorts are at thus low price. But those that shorted at 1.50 may say well i make more buying back at 33 not 60 cents.
Also a not on Thursday the run from 28 to the low 30s that was one swoop buy that the manipulator was caught on and it apparently pissed them off so much they called a BS hault to take the momentum out if the sp on Friday.
I FOR some reason believe buyer is not finished it was ther first nibble. After the hault things returned back to normal with the down push.
And this buy was so different then the usual pump ups we have seen through the last 2 years on the down trend.
They say the trend is your friend but sometimes friends stop being friends.
IMO we have seen a shift.
Also If Mercedese say they are continuing with Nueromorphic it will improve the momentum for us and if we are comercial with them and that is announced then we'll I don't need to say.
Does anyone here think that if we're still involved with Merc that we won't be mentioned at the Munich motor show?
Dozzaman1977
Regular
Yes
And It can also do gesture recognition !!!
I have my view on this but I'll keep my opinion to myself.
Thanks for posting, exciting stuff on the way!!!!
Kachoo
Regular
I think there is a higher possibility we dont get mentioned thennwe do personaly.
But the SP is so beat up there may be some bones thrown and I do not this we would see that huge price spice like last time yet untill there consistent revenue.
The question is is a comercial announcement warranted after the release of the product by MB if we are in the comercial product if we are in the CLA concept I don't know what will be said.
After that rant I'll say I don't know.
What I d oi know is based activity and pre MB spike we are undervalued IMO The value sits at about 60 cents based on The CR that BRN stopped LDA at 58 cents.
.
But markets correct and provide fore sales in my opinion. The ASX 200 punt is probably the best thing that could happen imo at this time.
jtardif999
Regular
Musk abandoned the use of radar/LiDAR in his vehicles in May 21; could it have been because of a developing relationship with BrainChip? Could he have been persuaded by the ease with which Akida can be trained and because he had so much video available from Tesla on road training over the years it would be a much cheaper path towards level 3 acceptance? He is a visionary and as displayed by his running of SpaceX, finding an easier way in cutting to the chase is in his dna.
Rise from the ashes
Regular
Lazy Saturday viewing
Last edited:
buena suerte :-)
BOB Bank of Brainchip
Awesome post Quilty .... What a very interesting week we have ahead
...Got the 'Warm fuzzy feeling'!! Have a great weekend ChippersYamas from sunny Paros (Greece)
buena suerte :-)
BOB Bank of Brainchip
Great read Hoppy ...Thanks for your never ending informative posts ...In essence, yes.
But please understand I do not consider myself an expert in this area and these are just my views and observations.
Furthermore we are still in the ASX300, which I believe, means we will still have a target on our backs, if now of perhaps, a somewhat diminished nature.
Hopefully after some short term volatility whilst accounts are settled on both sides of the ledger, theory would suggest that big player manipulation should divert to newly admitted fatted calves into the index, such as WBT. Whom I note has been under increasing pressure recently.
But some no doubt will continue to squeeze us whilst it remains profitable to them.
I am now of the opinion that being admitted to the ASX300 puts a company under scrutiny by these players and given the fact that certain criteria qualify it as suitable, test attacks and probes are initiated to further hone attack strategy’s that will be implemented upon it’s inclusion in the ASX200.
I have observed this with both BRN and IMU whose trades I follow closely.
Of course, there are many other factors that contribute to a share price’s rise and fall that have nothing to do with manipulators efforts but I am now much more keenly aware of their tactics which need to be accounted for when making investment decisions.
Since becoming a part of the ASX200 in June 2022 our share price has fallen from highs around the $1.30 mark to where we languish today.
For many of us that elected to hold and/or accumulate during this period under the impression or conviction that commercial success would occur sooner than has transpired, that equates to paper losses in the hundreds of thousands of dollars and for many retail investors that can be devastating if for any reason they are forced to sell. So, whilst this last little untangling may prove to be relatively “neutral” in the big scheme of things I wouldn’t personally classify the experience as a NON EVENT.
Hind sight of course is 20/20 and wherever assets are traded there will always be winners and losers, but I feel for those of us caught on the wrong side of this event and who have perhaps had their hands forced because they have been pushed into survival mode.
Hopefully a lesson learnt here by those who cut their cloth a little too close to the bone.
By Jove I love me a mixed metaphor.
GLTAH
FabricatedLunacy
Regular
Here’s hoping
. Cheers
Rise from the ashes
Regular
Some indepth information for those inclined.
‘LSM6DSV16X ’ from ‘Spotlight: STMicro Jun 23’
Built with Readymag—a tool to design anything on the web.
jtardif999
Regular
Renesas are expanding their IOT connectivity:
Renesas to Acquire Cellular IoT Technology Leader Sequans Through Tender Offer
The Acquisition of Sequans Will Allow Renesas to Extend More Comprehensive IoT Solution Offering
August 7, 2023, 3:00 AM EDT
TOKYO & PARIS--(BUSINESS WIRE)--Renesas Electronics Corporation (TSE: 6723, “Renesas”), a premier supplier of advanced semiconductor solutions, and Sequans Communications S.A. (NYSE: SQNS, “Sequans”), a leader in 5G/4G cellular IoT chips and modules, today announced that the two companies have entered into a memorandum of understanding (the “MoU”). Pursuant to the terms of the MoU, Renesas will, following consultation of the Sequans’ works council and favorable recommendation by the Sequans Board, commence a tender offer to acquire all outstanding ordinary shares, including American Depositary Shares (ADS) of Sequans for $3.03 per ADS (each ADS representing four ordinary shares) in cash. The transaction values Sequans at approximately $249 million, including net debt, and is expected to close by the first quarter of calendar year 2024, subject to confirmation of tax treatment from relevant authorities, regulatory approvals and other customary closing conditions.
Upon closing of the transaction, Renesas intends to integrate Sequans’ breadth of cellular connectivity products and IP into its core product lineup, including microcontrollers, microprocessors, analog and mixed signal front ends. The acquisition will allow Renesas to immediately expand its reach to the Wide Area Network (WAN) market space encompassing a broad range of data rates. It will also enhance Renesas’ already rich portfolio of Personal Area Network (PAN) and Local Area Network (LAN) connectivity products.
The market for cellular IoT technology provided by companies like Sequans is growing rapidly, fueled by demand for smart meters, asset tracking systems, smart homes, smart cities, connected vehicles, fixed wireless access networks, and mobile computing devices. An industry study forecasts the number of cellular IoT devices will continue to grow by more than 10 percent annually.
“We are thrilled to take our partnership with Sequans to the next level,” said Hidetoshi Shibata, President and CEO of Renesas. “Sequans is a leader in the fast-growing cellular IoT market with wide cellular IoT network coverage. The company’s technology gives Renesas a path to offer broad connectivity capabilities across IoT applications to address the evolving customer needs.”
“We have been working closely with Renesas to serve the growing market demand for massive IoT and broadband IoT customers,” said Georges Karam, Chairman and CEO of Sequans. “As many telecom operators around the world continue to invest in 5G infrastructure and with the expanding deployment of IoT applications, combining with Renesas opens up vast opportunities to usher in a new era of seamless connectivity and digital mobility that can transform a multitude of industries.”
The acquisition of Sequans is the latest effort by Renesas to expand its offering of connectivity products through strategic acquisitions, including the purchases of Dialog, Celeno and, most recently, Panthronics. Renesas and Sequans have been collaborating since 2020 to deliver full-scale solutions that combine Renesas’ embedded processors and analog front-end products with Sequans’ wireless chipsets for massive IoT and broadband IoT applications.
Founded in 2003, Sequans is a fabless semiconductor company that designs and develops chipsets and modules for Internet of Things (IoT) devices. Offering products with extensive 5G/4G cellular categories, including 5G NR, Cat 4, Cat 1 and LTE-M/NB-IoT, Sequans provides reliable IoT wireless connectivity without the need for a gateway. The company also has proven expertise in low-power wireless devices, which is crucial in supporting massive IoT applications operating at low data rates. Its certified solutions are designed to work with all major radio frequency regulatory specifications by leading carriers in North America, Asia-Pacific and Europe.
Transaction Details
Under the terms of the MoU, Renesas will initiate a cash tender offer of $3.03 per Sequans ADS, subject to certain conditions. This offer represents a premium of 42.3% to Sequans’ closing price on August 4, and 7.7% premium to the volume weighted average price over the last twelve months and a 32.6% premium to the volume weighted average price over the last six months. The transaction values Sequans at approximately $249 million, including net debt of approximately $52 million.
If, upon completion of the appropriate works council consultation, Sequans’ Board recommends the tender offer to the holders of Sequans’ ordinary shares and ADSs, Renesas will commence the tender offer thereafter. The closing of the transaction is subject to the valid tender of Sequans shares representing at least 90% of the outstanding share capital of Sequans on a fully diluted basis, including Sequans shares owned by Renesas. The transaction is also subject to confirmation of tax treatment from relevant authorities, and receipt of required regulatory approvals and other customary closing conditions.
In addition, upon Sequans Board recommendation and appropriate works council consultation on the transactions described below, Sequans will convene an ordinary and extraordinary general meeting of the shareholders to vote on a series of transactions that would result in Sequans structurally, but not operationally, redomiciling in Germany. Following the closing of the tender offer and completion of such transactions, any ordinary shares or ADSs not tendered would be ultimately transferred to Renesas under German squeeze-out rules for statutory compensation. In connection with these transactions, Sequans’ existing French activities, including assets, liabilities and employees, would be first transferred to a new wholly-owned French subsidiary of Sequans.
The tender offer is currently expected to close by the first quarter of 2024 and the redomiciling and related transactions are currently expected to close by the fourth quarter of 2024. Assuming the completion of the tender offer, Sequans will become a privately held company and Sequans’ ADSs will no longer be listed on any public market.
The tender offer will be implemented in accordance with the terms and conditions of the MoU. In addition to the terms of the tender offer, the MoU contains customary representations, warranties and undertakings by Sequans and Renesas.
About Renesas Electronics Corporation
Renesas Electronics Corporation (TSE: 6723) empowers a safer, smarter and more sustainable future where technology helps make our lives easier. The leading global provider of microcontrollers, Renesas combines our expertise in embedded processing, analog, power and connectivity to deliver complete semiconductor solutions. These Winning Combinations accelerate time to market for automotive, industrial, infrastructure and IoT applications, enabling billions of connected, intelligent devices that enhance the way people work and live. Learn more at renesas.com. Follow us on LinkedIn, Facebook, Twitter, YouTube and Instagram.
About Sequans Communications
Sequans Communications S.A. (NYSE: SQNS) is a leading developer and supplier of cellular IoT connectivity solutions, providing chips and modules for 5G/4G massive and broadband IoT. For 5G/4G massive IoT applications, Sequans provides a comprehensive product portfolio based on its flagship Monarch LTE-M/NB-IoT and Calliope Cat 1 chip platforms, featuring industry-leading low power consumption, a large set of integrated functionalities, and global deployment capability. For 5G/4G broadband IoT applications, Sequans offers a product portfolio based on its Cassiopeia Cat 4/Cat 6 4G and high-end Taurus 5G chip platforms, optimized for low-cost residential, enterprise, and industrial applications. Founded in 2003, Sequans is based in Paris, France with additional offices in the United States, United Kingdom, Israel, Hong Kong, Singapore, Finland, Taiwan, South Korea, and China. Visit Sequans online at http://www.sequans.com/, and follow us on Facebook, Twitter and LinkedIn.
Renesas to Acquire Cellular IoT Technology Leader Sequans Through Tender Offer
The Acquisition of Sequans Will Allow Renesas to Extend More Comprehensive IoT Solution Offering
August 7, 2023, 3:00 AM EDT
TOKYO & PARIS--(BUSINESS WIRE)--Renesas Electronics Corporation (TSE: 6723, “Renesas”), a premier supplier of advanced semiconductor solutions, and Sequans Communications S.A. (NYSE: SQNS, “Sequans”), a leader in 5G/4G cellular IoT chips and modules, today announced that the two companies have entered into a memorandum of understanding (the “MoU”). Pursuant to the terms of the MoU, Renesas will, following consultation of the Sequans’ works council and favorable recommendation by the Sequans Board, commence a tender offer to acquire all outstanding ordinary shares, including American Depositary Shares (ADS) of Sequans for $3.03 per ADS (each ADS representing four ordinary shares) in cash. The transaction values Sequans at approximately $249 million, including net debt, and is expected to close by the first quarter of calendar year 2024, subject to confirmation of tax treatment from relevant authorities, regulatory approvals and other customary closing conditions.
Upon closing of the transaction, Renesas intends to integrate Sequans’ breadth of cellular connectivity products and IP into its core product lineup, including microcontrollers, microprocessors, analog and mixed signal front ends. The acquisition will allow Renesas to immediately expand its reach to the Wide Area Network (WAN) market space encompassing a broad range of data rates. It will also enhance Renesas’ already rich portfolio of Personal Area Network (PAN) and Local Area Network (LAN) connectivity products.
The market for cellular IoT technology provided by companies like Sequans is growing rapidly, fueled by demand for smart meters, asset tracking systems, smart homes, smart cities, connected vehicles, fixed wireless access networks, and mobile computing devices. An industry study forecasts the number of cellular IoT devices will continue to grow by more than 10 percent annually.
“We are thrilled to take our partnership with Sequans to the next level,” said Hidetoshi Shibata, President and CEO of Renesas. “Sequans is a leader in the fast-growing cellular IoT market with wide cellular IoT network coverage. The company’s technology gives Renesas a path to offer broad connectivity capabilities across IoT applications to address the evolving customer needs.”
“We have been working closely with Renesas to serve the growing market demand for massive IoT and broadband IoT customers,” said Georges Karam, Chairman and CEO of Sequans. “As many telecom operators around the world continue to invest in 5G infrastructure and with the expanding deployment of IoT applications, combining with Renesas opens up vast opportunities to usher in a new era of seamless connectivity and digital mobility that can transform a multitude of industries.”
The acquisition of Sequans is the latest effort by Renesas to expand its offering of connectivity products through strategic acquisitions, including the purchases of Dialog, Celeno and, most recently, Panthronics. Renesas and Sequans have been collaborating since 2020 to deliver full-scale solutions that combine Renesas’ embedded processors and analog front-end products with Sequans’ wireless chipsets for massive IoT and broadband IoT applications.
Founded in 2003, Sequans is a fabless semiconductor company that designs and develops chipsets and modules for Internet of Things (IoT) devices. Offering products with extensive 5G/4G cellular categories, including 5G NR, Cat 4, Cat 1 and LTE-M/NB-IoT, Sequans provides reliable IoT wireless connectivity without the need for a gateway. The company also has proven expertise in low-power wireless devices, which is crucial in supporting massive IoT applications operating at low data rates. Its certified solutions are designed to work with all major radio frequency regulatory specifications by leading carriers in North America, Asia-Pacific and Europe.
Transaction Details
Under the terms of the MoU, Renesas will initiate a cash tender offer of $3.03 per Sequans ADS, subject to certain conditions. This offer represents a premium of 42.3% to Sequans’ closing price on August 4, and 7.7% premium to the volume weighted average price over the last twelve months and a 32.6% premium to the volume weighted average price over the last six months. The transaction values Sequans at approximately $249 million, including net debt of approximately $52 million.
If, upon completion of the appropriate works council consultation, Sequans’ Board recommends the tender offer to the holders of Sequans’ ordinary shares and ADSs, Renesas will commence the tender offer thereafter. The closing of the transaction is subject to the valid tender of Sequans shares representing at least 90% of the outstanding share capital of Sequans on a fully diluted basis, including Sequans shares owned by Renesas. The transaction is also subject to confirmation of tax treatment from relevant authorities, and receipt of required regulatory approvals and other customary closing conditions.
In addition, upon Sequans Board recommendation and appropriate works council consultation on the transactions described below, Sequans will convene an ordinary and extraordinary general meeting of the shareholders to vote on a series of transactions that would result in Sequans structurally, but not operationally, redomiciling in Germany. Following the closing of the tender offer and completion of such transactions, any ordinary shares or ADSs not tendered would be ultimately transferred to Renesas under German squeeze-out rules for statutory compensation. In connection with these transactions, Sequans’ existing French activities, including assets, liabilities and employees, would be first transferred to a new wholly-owned French subsidiary of Sequans.
The tender offer is currently expected to close by the first quarter of 2024 and the redomiciling and related transactions are currently expected to close by the fourth quarter of 2024. Assuming the completion of the tender offer, Sequans will become a privately held company and Sequans’ ADSs will no longer be listed on any public market.
The tender offer will be implemented in accordance with the terms and conditions of the MoU. In addition to the terms of the tender offer, the MoU contains customary representations, warranties and undertakings by Sequans and Renesas.
About Renesas Electronics Corporation
Renesas Electronics Corporation (TSE: 6723) empowers a safer, smarter and more sustainable future where technology helps make our lives easier. The leading global provider of microcontrollers, Renesas combines our expertise in embedded processing, analog, power and connectivity to deliver complete semiconductor solutions. These Winning Combinations accelerate time to market for automotive, industrial, infrastructure and IoT applications, enabling billions of connected, intelligent devices that enhance the way people work and live. Learn more at renesas.com. Follow us on LinkedIn, Facebook, Twitter, YouTube and Instagram.
About Sequans Communications
Sequans Communications S.A. (NYSE: SQNS) is a leading developer and supplier of cellular IoT connectivity solutions, providing chips and modules for 5G/4G massive and broadband IoT. For 5G/4G massive IoT applications, Sequans provides a comprehensive product portfolio based on its flagship Monarch LTE-M/NB-IoT and Calliope Cat 1 chip platforms, featuring industry-leading low power consumption, a large set of integrated functionalities, and global deployment capability. For 5G/4G broadband IoT applications, Sequans offers a product portfolio based on its Cassiopeia Cat 4/Cat 6 4G and high-end Taurus 5G chip platforms, optimized for low-cost residential, enterprise, and industrial applications. Founded in 2003, Sequans is based in Paris, France with additional offices in the United States, United Kingdom, Israel, Hong Kong, Singapore, Finland, Taiwan, South Korea, and China. Visit Sequans online at http://www.sequans.com/, and follow us on Facebook, Twitter and LinkedIn.
Evening Rise from the ashes,
Wow.... Well found.
I noticed this is a relatively old US government document... No doubt due to the sensitive nature..hence delayed for general / Civilian viewing.
I could be wrong, has happened, but I belive a past poster... Uiux.. found a fair bit of info down this ally.
One would think when ...if not already, AKIDA would splice extremely well into multiple levels of such hardware / software.
AKUDA BALLISTA.
Regards,
Esq.
Fullmoonfever
Top 20
Whilst I'm not gonna be totally convinced we are in this first MB.OS iteration via the CLA until I see it in black & white, it is at least promising it will happen at some point given some of the wording starting to appear.
topelectricsuv.com
Video Source: YouTube/CarSpyMedia
All future MMA-based models from Mercedes are to feature a full-width display that stretches from one A-pillar to the other, JESMB reported on January 17, 2023, citing confirmation by Mercedes-Benz. The CLA Electric is to be the first of these models to feature the display, says the German publication while identifying Continental as the supplier. Further, JESMB mentioned that the system used in the EQXX will reach MMA models.
The coast-to-coast display has 8K resolution and comes with its own ‘virtual guide’ to provide users tips on how to use the various features. Image: Mercedes
Comparing the specifications of the “one-piece” display (as Mercedes calls it) in the Vision EQXX and the “pillar-to-pillar” display manufactured by Continental, we found striking similarities. Both are 47.5-inch TFT
Mercedes says that the EQXX features a 3D moving map, which uses satellite data to display a high-definition render of the world outside. It can auto zoom in/zoom out based on the requirement, with the lowest height setting being 10 meters (32.8 feet). There’s also an all-new “Hey Mercedes” voice assistant who’s accompanied by the “Mercedes Jelinek” virtual guide for the screens! It’s not clear whether the standard CLA Electric will get the massive display and its raft of features, though it could be offered as an optional extra.
The electronics of the CLA Electric, both system and in-cabin, would run on the Mercedes-Benz Operating System (MB.OS). Developed in-house, the new software “will perfectly link the vehicles with thee cloud and the IoT, and comprise four central domains: Powertrain, Autonomous Driving, Infotainment, and Body & Comfort Systems,” Dr. Michael Hafner, Vice President MB.OS Base Layer & MBUX, Mercedes-Benz, said in an internal interview.
2025 Mercedes CLA Electric should set several new benchmarks
The Mercedes CLA Electric, set to emerge in 2025, is expected to set several benchmarks in the segment, and is one of the most advanced cars to come from Stuttgart.
topelectricsuv.com
Mercedes CLA Electric could set several new benchmarks [Update]
Last Updated On: August 23, 2023 5:51 am. Original article by: Sagar ParikhVideo Source: YouTube/CarSpyMedia
Interior
‘Curved Ultrawide Display’ with new tech features
Automotive News’ sources suggest the cockpit area of the Mercedes CLA Electric’s interior will be highly digital, as seen in most recent Mercedes-Benz models, especially in EVs.All future MMA-based models from Mercedes are to feature a full-width display that stretches from one A-pillar to the other, JESMB reported on January 17, 2023, citing confirmation by Mercedes-Benz. The CLA Electric is to be the first of these models to feature the display, says the German publication while identifying Continental as the supplier. Further, JESMB mentioned that the system used in the EQXX will reach MMA models.
The coast-to-coast display has 8K resolution and comes with its own ‘virtual guide’ to provide users tips on how to use the various features. Image: Mercedes
Comparing the specifications of the “one-piece” display (as Mercedes calls it) in the Vision EQXX and the “pillar-to-pillar” display manufactured by Continental, we found striking similarities. Both are 47.5-inch TFT
Mercedes says that the EQXX features a 3D moving map, which uses satellite data to display a high-definition render of the world outside. It can auto zoom in/zoom out based on the requirement, with the lowest height setting being 10 meters (32.8 feet). There’s also an all-new “Hey Mercedes” voice assistant who’s accompanied by the “Mercedes Jelinek” virtual guide for the screens! It’s not clear whether the standard CLA Electric will get the massive display and its raft of features, though it could be offered as an optional extra.
The electronics of the CLA Electric, both system and in-cabin, would run on the Mercedes-Benz Operating System (MB.OS). Developed in-house, the new software “will perfectly link the vehicles with thee cloud and the IoT, and comprise four central domains: Powertrain, Autonomous Driving, Infotainment, and Body & Comfort Systems,” Dr. Michael Hafner, Vice President MB.OS Base Layer & MBUX, Mercedes-Benz, said in an internal interview.
Partial to a metaphor salad meself.In essence, yes.
But please understand I do not consider myself an expert in this area and these are just my views and observations.
Furthermore we are still in the ASX300, which I believe, means we will still have a target on our backs, if now of perhaps, a somewhat diminished nature.
Hopefully after some short term volatility whilst accounts are settled on both sides of the ledger, theory would suggest that big player manipulation should divert to newly admitted fatted calves into the index, such as WBT. Whom I note has been under increasing pressure recently.
But some no doubt will continue to squeeze us whilst it remains profitable to them.
I am now of the opinion that being admitted to the ASX300 puts a company under scrutiny by these players and given the fact that certain criteria qualify it as suitable, test attacks and probes are initiated to further hone attack strategy’s that will be implemented upon it’s inclusion in the ASX200.
I have observed this with both BRN and IMU whose trades I follow closely.
Of course, there are many other factors that contribute to a share price’s rise and fall that have nothing to do with manipulators efforts but I am now much more keenly aware of their tactics which need to be accounted for when making investment decisions.
Since becoming a part of the ASX200 in June 2022 our share price has fallen from highs around the $1.30 mark to where we languish today.
For many of us that elected to hold and/or accumulate during this period under the impression or conviction that commercial success would occur sooner than has transpired, that equates to paper losses in the hundreds of thousands of dollars and for many retail investors that can be devastating if for any reason they are forced to sell. So, whilst this last little untangling may prove to be relatively “neutral” in the big scheme of things I wouldn’t personally classify the experience as a NON EVENT.
Hind sight of course is 20/20 and wherever assets are traded there will always be winners and losers, but I feel for those of us caught on the wrong side of this event and who have perhaps had their hands forced because they have been pushed into survival mode.
Hopefully a lesson learnt here by those who cut their cloth a little too close to the bone.
By Jove I love me a mixed metaphor.
GLTAH
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