FIG 0.00% 2.0¢ freedom insurance group ltd

FIG TA, page-2

  1. 2,671 Posts.
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    Hard to read the chart at the moment. Resistance on the way up was at 79 cents and that's been broken on the way down. As there is so much profit on the table for the 45 million released shares needs to reach a level where buyers are happy to soak up as much stock that is being distributed. An estimation of how many of the 45 million shares will be sold. Maybe 25% max ? Around 11 million shares. Around 6 million traded so far since the result but not all sales would be escrow holders. 70 cents as a guess. No short selling of any significance although shorter's lost a lot of money shorting the stock between Jan and Jun when they closed them out.
 
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Currently unlisted public company.

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