We don't hold any in reserve. I'm thinking that once the burns are done and the price is pushed up around fair value to keep a buy order in at around 95%, and then put sells for any bought tokens at 105%. Would keep the range much tighter on the order book, and any profits from this market making would be a win for the fund. Not a big fan of "manipulating" the price, but also not a fan of having a token that people can't sell for a fair price.
Cheers mate, as always I appreciate your input.