j p morgan is the seller, page-39

JPM has been the main reason why the sp has gone from +$1 to around 50c in the last six months. Why would they do that, since they still hold millions of shares?

There could be many reasons I guess, but there seems to be a large buyer to to match their sell orders. Either they are selling to themselves in the main, with a few long term holders picking up the net 1.8 million sold or they are helping a client build a position and know they will most likely make big $$ in the event of a t/o down the track.

Hope the PFS is positive, it must be close.