I have done some holding numbers on directors and insiders due to the large increases in buying by those.The reason and rationale to look into the holdings is that the insiders know something is afoot in that a takeover/merge or the company is now making a profit.The free float is 23% whilst the five largest holders own 77%.The increases in sales also have been good so this would attract attention.
The holdings and totals are as follows:
Director E Tern 78,301,487
Director R Rosa 34,038,964
Director D Potter 260,231,704
Director H Whitesmith 50,000,000
Cherryoak Investments 45,000,000
Total 467,572,155 or 77% of issued capital
Total shares on issue 604,619,300
QTG Price at posting:
0.4¢ Sentiment: None Disclosure: Held