The notice from PPT was dated 10/8; that's Monday. Their prior notice, dated 5/6, was to note that they had become a substantial shareholder. PPT had intact been selling off their position for over a year, and had dropped below the threshold needed to report earlier. The mystery is that they bought more.
On the 5/6 they stated that they had 5,296,892 shares. In the 10/8 notice they are no longer a substantial shareholder, so they no longer need to report anything to the ASX (read, us).
This is likely he source of the selling since Friday, not the result of a non-lawsuit that has been non-researched and is non-existent.
As of Monday, PPT had approximately 4.9 million shares left that it could liquidate at it's leisure and without having to file notices as they are now not "substantial holders".
15% drop at 8am, page-32
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$227.64 |
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| No. | Vol. | Price($) |
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| Price($) | Vol. | No. |
|---|---|---|
| $227.72 | 3210 | 3 |
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