I see Lind as two holdings- the funds they give to CGP- the #b allotments, that they sell pretty much immediately, and the Lind/ASOP holding- as a substantial shareholder - but as I said, they had sold half, so had 7.7m shares left in that "longer-term" holding. To work out if Lind are selling their 3B funding shares, I just try and count them down by checking volume- presuming that it is Lind who just enter quickly, and exit quickly. If anyone knows or can quess at what broker they use, if your platform shows brokers, we can find out that way, or at least have an educated guess.
Whether "long-term" or 3B, they really hold any company back. Their money can be useful, of course, and we've received two big chunks of money recently, but their agreement expires on the 16th July, I think, so we can see what the company will do. As with the interest in underwriters taking the options, the stronger the share price is for CGP, the more likely we are able to get market funding, as SI's and others will feel they will get their money back, a la ISN.
CGP Price at posting:
4.5¢ Sentiment: None Disclosure: Held