It gets better. The top 20 probably hold closer to 90%.
I know the top 20 report shows around 80%, but theres a whole bunch of holdings outside the top 20 that are not consolidated. For example, I have two other holdings mostly bought since IPO that are not included in my T20 holding.
And I'd say another 5% or so are held by BW clients not in the T20, but very unlikely to be sellers anytime soon. Though some will or have taken profits.
As far as I know, only one Top 20 holder has sold all their shares since IPO (very recently). It was not even done on market...crossed to another willing buyer omt apparently. Poor guy is going to regret it.
Cdchi1
New Alderan Resources research, page-55
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