Wow really 19m released escrowed? Was unaware of that...
May I ask how do you know the prev escrowed shares are selling or is it just a guess? Given this stock seems to average about 1 mill volume a day it could take some considerable time for regular trading to eat through that volume if indeed they are selling.
I'm guessing that there may be some substantial holders/Dir's within that size of holding. Substantial holders (5%+) need to inform the market if they vary holdings by 1% and directors also need to inform the market. Have not seen any notices about this ... yet. I think the rule is 3 days or so to inform the market if they are selling.
TNO Price at posting:
18.0¢ Sentiment: None Disclosure: Not Held
