good question i sort of included the recently converted BKTOC...

good question


i sort of included the recently converted BKTOC shares since the main BKTOC holders are from the 5 cent raising, where they received 1 option for every 2 shares.

taking a closer look, the main BKTOC holders were Copulos 15M, Gashmere/Hatch 5M, Westpark 3M, UBS 3M, FNL 1M, Masor 1.75M, Jawaf 1.5M and Exit 1M, Smith 0.8M.

i can't find Jawaf so don't know how they got their options: http://www.asx.com.au/asxpdf/20150330/pdf/42xlk6vnxdsnl7.pdf maybe they changed their name

apart from that

* UBS have been existing so that is 3M shares

* Masor, Exit & Smith are old Greenrock holders who have been exiting their share positions for the last 3 years so they are highly likely candidates to be sellers. they are 3.5M shares

* Jawaf is an unknown but they are 1.75M shares

so that is 8.25M shares

i can't imagine anything fatal going on with BKT, apart from folks losing faith in graphite. I have lost faith many times, which is why I blew huge profit on MNS and existed BKT at the last highs.