on this raise I know which external brokers got some, they had to be looked after as a good gesture, so BY will get looked after in return in their future dealings with these brokers. its understandable, so Im happy to be scaled back on my bids.
But the fact that B&Y clients have bought 60mill is a good sign.
- yes normally you'd see most of the selling coming from lead brokers as their clients took the 1 or 2 pips profits. but BY clients incredibly sold just 3m shares for the entire year, while also bought 60m on market. The 60m extra BY clients bought on market was also on top of whatever they already got through the 100m placement in May.
But on the flip side 161mill selling by Pattos? Is that even right? 25% of total shares sold on market this year?
- pattos was the lead manager and underwriter of all shortfall shares in the 2016 Nov raise. stocks were issued about late Dec/early Jan? then they started the "gentle" flipping LOL
DDD Price at posting:
1.1¢ Sentiment: Buy Disclosure: Held
