I hope so but do they have to put the 3B in before they can sell the shares from the exercised options or is this just paper work afterwards as I haven't yet seen the 3B for the final 5m options being exercised.
Course of trades today seems to show the seller drying up (I think??)
520k sold on open at 3.5c today, 640k at 3.5c around midday and another 810k at 3.4c around the same time. All of these were sales into the bids. What was interesting today though was that we had 2 big buyers of 572k and 467k both at 3.5c around 3pm'ish. Also the closing auction today was alot lower than previous days at just 100k dumped at 3.5c.
Also I noticed later today a round number 1,000,000 sell appeared at 3.7c so maybe the advisor still has a few more to go yet or it could be a capper given its a round number...not sure?
MEI Price at posting:
3.5¢ Sentiment: Hold Disclosure: Held
