IBN 0.00% 2.0¢ ibuynew group limited

I would actually go higher, but I'm uncomfortable that...

  1. 3,878 Posts.
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    I would actually go higher, but I'm uncomfortable that Wallis-Mance won't unload some more shares. From my posting on the 27th January:

    "Wallis-Mance owned 117,000,000 shares. I couldn't understand why they sold 32,054,790 shares - a rather strange number.

    In hindsight selling this number was just enough to ensure Wallis-Mance was no longer a Substantial Holder. They are now free to sell shares on-market, without having to report their sales.

    I've seen this happen a few times, and each time it was a prelude to the holder eventually selling all of their shares, albeit in controlled batches."
 
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Currently unlisted public company.

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