DVP 0.43% $2.34 develop global limited

Wrong, I will give you an example of what happened with Mayne...

  1. 2,797 Posts.
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    Wrong, I will give you an example of what happened with Mayne Pharma recently and Mithra who held a substantial shareholding in MYX needing to liquidate their holdings in a strategic partner. We have the licence to sell their contraceptive product in US.

    MYX shares had been trading in the $5.30 range for some time, Mithra's broker achieved $5.03 per share aggregate in similar style. Large blocks are always sold for a discount as the remaining is of sold market over time SP would have declined.

    SP remained stable post this sale and now is 35% higher.

    This is super positive for DVP shares, overhang is gone.

    Lesson learned from MYX!!!

    There is going to be brokers plebs working hard over the next couple of days invoking fear so retail are induced to selling. Watch the negative crap that will be posted here, watch the bots that will be working overdrive in the coming days to shake the register hard. I remember reading the threads at MYX and new posters saying the SP will sink as Mithra had taken a big haircut. Others saying the business turnaround is not progressing as Mithra who had a seat on the board to be selling all its stake in MYX before the imminent update announcement. MYX released a positive update not to long after Mithra sold and lost their seat on the board and the SP re-rated to $7 +

    I'm glad I didn't listen to the brokers plebs on that forum working hard on the keyboards. I'm not suggesting that our broker who facilitated the sale is dodgy, I'm suggesting that other Instos and Brokers are going to want in on DVP with overhang gone and potential imminent funding announcement on the way and will use every dirty trick available to get in and induce liquidity and good entry points for their clients or organisations.

    Typically large parcels like this are sold before a news flow so to entice and attract new holders and de-risk positions for the huge outlays of $$$ invested. Smart money only gets involved for multi baggers not 30% gains.


    https://hotcopper.com.au/data/attachments/6088/6088103-b3470ea1ce79cc7df66c128c9f1ad458.jpghttps://hotcopper.com.au/data/attachments/6088/6088098-3c5a51c4f449c5210f12a85093c36315.jpg


 
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