Originally posted by minoil
Originally posted by 1Tarzan
u right, but company wouldn't inform registry until the mission will be done. we have seen a lot like this. for example, in $AVZ board dumped their shares through Instinent broker into retailers. every thing was fine in T20, suddenly every thing changes after company announcement.
IMO, Gary dumped his shares through Deutsche and Morgan Stanley. some of them also traded off market like first buy parcel of Max coal and the way JP Morgan added 10 M recently. through broker data JP Morgan didn't buy single share but in T20, they increased their holding.
I think you'll find sales and associated data is between asx, brokers and registry.....if the company wants to know anything, it logs into the registry. ..anyway, he may have started since Friday but if I were in his shoes I would simply get in touch with Max Coal and arrange a block trade
it looks, Gary didn't sell single shares in $B2Y and a friend confirmed that only 105M shares in hand of out T20.
so last trading days pull back on very low volume shows that free float soaked well.
today officially resignation and hiring new exc management also show that T/O is very close.
as long as Gary still has shares in company so downtrend should have low probability and offer price should something around 30c for satisfying PAC in order to stop exercising her options.
