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Ann: Ceasing to be a substantial holder, page-9

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RockstarJones

9,788 Posts.

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28/01/18

03:49

Post #: 30607723
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Originally posted by peejayhercules ↑

Wallis-Mance owned 117,000,000 shares. I couldn't understand why they sold 32,054,790 shares - a rather strange number.

In hindsight selling this number was just enough to ensure Wallis-Mance was no longer a Substantial Holder. They are now free to sell shares on-market, without having to report their sales.

I've seen this happen a few times, and each time it was a prelude to the holder eventually selling all of their shares, albeit in controlled batches.

The quarterly should give the SP a boost, but nobody should be surprised if the rise gets sold into.

If we're lucky, there might still be a few cheapies becoming available to us.

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It'ss possible someone might take out the potential overhang with a block trade given the latest quarterly. Or they might decide to keep them. Or they might just get quickly munched up on market in some good sized trades.

Last edited by RockstarJones: 28/01/18

IBN Price at posting: 0.9¢ Sentiment: Buy Disclosure: Held
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