I think your right, EGS have been selling since the two big 1mill xt orders at 17. Broker data from say the 20 July to now would give a good indication of how many they have sold (on market only). That was a very poor(detail wise) sub holder report but then I suppose they don't really care given the problems confronting them. The best way to know how many are left is see if you can get a current t40. Seeing they have already sold a chunk it's only a matter of time till someone steps up to take the rest and take advantage of the current weakness. I also would not assume they are selling with just one broker, they would be looking for buyers where ever they could be found.
T40 will tell the tale.
IRC Price at posting:
14.0¢ Sentiment: Buy Disclosure: Held