I have gone through the ASX announcements re Substantial shareholders, Bank of America were actively trading and shorting 1PG since early 2015, then ceased as a substantial holder on 26 February 2016.
Merill Lynch (Bank of America) were the top 1 seller over last two months, smashed further 70% from $1.25 level to 40c. BTIG, second big seller. Instinet was the top 1 net buyer with 1.5m shares, Morgan Stanley, Deutsche, UBS & Canaccord were net buyers.
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According to the ASX announcements, Two managed funds, Harbour Asset Management & Fidelity are loyal shareholders with high average cost base, $2.50 per share and $4.59 per share respectively.
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1. Fidelity, invested $45m with 9.85m shares in 1PG.
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2. Harbour Asset Mangement, invested $35m with 14m shares in 1PG.
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