LSL 0.00% 4.6¢ luminus systems limited.

Hey MowibbleThe change in holdings from the big holders was...

  1. 11,407 Posts.
    Hey Mowibble

    The change in holdings from the big holders was fortess Clearing..see the ann's.

    Yeah I suppose we dont know for sure they are not offloading..however...if they are dribbling their 2.5 billion shares onto the market at say 1 million shares each time and say they do 10 million a day...and thats a lot to try get rid of daily..it would take them 250 trading days..so say about 1 year.

    However...during that time....we would see a change in substantial holding notices along the way so you find out what they are doing.

    Its not their style. Having so many..they are more likely to find a buyer for them if they dont want to stick around and sell off market to someone else.

    Who knows though..maybe they want to do something with the company...build it up and sell it.

    Either way...we should find out soon...also a quarterly should come any day now.

 
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