Broker Data, page-227

Of the Original top 20 holders of Alcidion from February this year the following holders had reduced their holdings by 30/08/2016:-

Ms Lin Lin (sold 1,157,151 shares)
Phillip Coulsen ((sold 4,887,187 shares)


and the following original top 20 holders were no longer in the top 20 by 30/08/2016:-

Troca Enterprises (Phil Coulson entity)
Blue Capital (possibly associated with Timothy Kestell)
Antonius Smit
Konkera Pty Ltd
Kobia Holdings
Upsky Equity
Bellwether Super
Blu Bone Pty Ltd
John Henry Toll
Chin Nominees
Ross Campbell Williams
Wildglade Pty Ltd.

Now making an assumption that these holders sold out completely rather than just reducing their holdings, by my calculations by 30/08/2016, (including the reductions made by Ms Lin Lin and Phil Coulson) top 20 holders had sold down around about 76 million shares. (This reduces to about 49 Million shares at a minimum if these holders simply reduced their holdings by enough shares to just knock them outside the top 20 at 30 August 2016 being just below 2.25 Million shares)

Now looking at the original top 20 holders remaining from re-listing in February....there are only 4 left that I guess may be Patersons clients (and I emphasise this is pure guesswork) these being:-

Ms Lin Lin - 8,064,517 shares remaining @30/08/2016
Phil Coulson - 3,177,329 shares remaining @ 30/08/2016
Jacob Coulson - 3,177,329 shares remaining @ 30/08/2016
Walani Pty Ltd - 3,177,329 shares remaining @ 30/08/2016

If these holders have now sold out completely, then added to the 76 Million shares sold from above...this amounts to 93.5Million shares.

Of course this does not account for any shares that have been sold outside the top 20 holders.

Here's hoping that most of Patersons clients were in the top 20 and the selling is nearly done