Hi Jason, those shares were issued to the original shareholders for a fraction of the cost of the ipo shares. The ASX imposed escrow conditions on these shares which means the holders are not allowed to sell them until a certain date. The majority of these shares will be released in October this year.
Many of these shares have been held by Investorlink clients. They have been stuck for a long time and many will want to sell. As I mentioned before the same group were behind TUP - check out what happened to their share price as the escrow shares were released.
The company has no control over these shareholders.
NNW Price at posting:
16.5¢ Sentiment: Sell Disclosure: Not Held
