hi Colin30th May M and G sold down to 10.88% from 12.92% (its on...

hi Colin
30th May M and G sold down to 10.88% from 12.92% (its on the asx website)This is the 70 million share elephant in the room.
They either have the lot to sell or they had to sell some to meet redemptions...or some dark side of the force reason that conspiracy theorists may consider.
I was happy with the iva story till MG sold..so that makes the 3 top holders keen sellers of 'solders'
which is a bit of a bastard really for share price rises.