Highly unlikely pv1
As the recent L1 purchase was executed in a couple large crosses rather than a steady accumulation (pump) and yesterdays Ann re; change in sub holding was a 'transfer" and not market sales (dump).
IMO, the recent buy by L1 was from an associated party (possibly L1 client) and yesterdays transfer was returning the holdings to that associated party, the reason is not hard to work out considering we are fast approaching the month of June.
The positives are; in essence there was no one really exiting when L1 made there recent purchase, and
If my theory is correct and I stress that it's just my own thoughts, then news may be very soon as no time was wasted returning the holdings.
Shab or anybody else
would appreciate your take on these recent transactions
Ann: Change in substantial holding , page-3
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