the bat cave, page-42

Ok, so who here works for Key? I was pretty surprised to see that top20 released.

I was pretty sure the prior release was prior unless they shares were issued prior to 1st or there was no typical 3 day delay for the registry to update excluding the holiday delay. Certainly this view was not refuted by the company.

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What this tells me is that either:
1) 9.8m shares were issued to sophisticated investors yet issued in sub 1m share parcels to hence not in the top20.
2) Around 11.6m shares have been dumped since the 1st Oct, so possibly the sophs have already dumped themselves out of the top20.

Either way it is a bit disappointing as I was hoping to see two or three new large holders who liked the look of the company enough to put a chunk of cash behind it and stay solid with upwards of 2m shares a piece. More likely in the current scenario that they were purchased for a scalp that didn't pan out as expected.

Sure would have liked to have seen the top20 before the last +11m shares were dumped from 17c all the way down to 11c. Clearly there has been minimal selling in the top20 so management cannot blame the long term shareholders for the current price, even if we end up paying for the current price.