thanks for flagging up the shares coming off escrow a little while back, it's definitely playing out like over supply will be coming to market and that's before they're even released.
so looking back over prior raises :
- 2nd of December 2024 cap raise 3.6c are underwater at today's 3.2c close
- 30th August 2024 cap raise at 2.5c are still above water at today's 3.2c close
- 26th July 2024 cap raise at 2.5c are still above water at today's 3.2c close
I guess some of those August and July people still holding might be feeling what's coming with the escrow supply, so 2.5c seems like it will be in play, especially because it's Christmas and New year too as others have mentioned.
It'll be interesting to see how much of a liquidity event the escrow supply turns out to be
Thanks again for posting about it early 1 or 2 weeks back
