Share
734 Posts.
lightbulb Created with Sketch. 2
clock Created with Sketch. 25/02/19
10:11
Share
Originally posted by Drpinotnoir:
↑
It would appear that whoever is selling and I'm assuming it is the remaining ex Capital stock ,but not certain, is now trying to flood stock into a saturated market. The result is obvious, painful and greatly discouraging. There has been and is a problem with the handling of the shareholder registrar and investor relations. If handled properly the remaining excess stock may have been dissipated without such a bloodbath to existing long term suffering shareholders. Eg Clermont may have been encouraged to " mop up " the loose remaining stock. Ten years ago the stock was in free fall when a large hedge fund Och Ziff decided to exit their postion in the GFC. The rout was stabilized when Packers fund via Ashok Jacob found out who was selling and purchased the remaining stock.( that was at 16c back then) The stock price then stabilized.
Expand
Hi Dr
