Since last capital raise,we have a lot of approximately  51...

Since last capital raise,we have a lot of approximately  51 million shares changing hands (not including chi-x volume)(roughly calculated from commsec trade history from 11/09/2018  to 25/02/2019)But we only have one substantial notice from Dead Knick Capital  adding around 6million share in portfolios,of which around 3 million shares are purchased on market.

There is no more notice of substantial holder or notice of cease of substantial holder. If my thumb-rule calculation means something, i am really wondering where the more than 45 millions shares went and where did they come. In current security of issue,nearly 8 million shares will reach the substantial holder threshold. My question is how probable the 45 million shares are accumulated by all of us or how probable some brokers are playing games under the substantial holder threshold? 

Anyway,put put it straight, it is beyond me that the other 45 million shares transactions  are free from any change of substantial holder,whether it is cease or new substantial holder.Though the threshold is only 8m.My opinion is that we are to some extent maniputed by some big players.

Just my 2 cents.