Hi rupert,
If the required selling took place, then how come 1million shares were offered in BMN on close at $2 - yet only about 250,000 of these sold? What about the remaining 750,000 shares?
Sames goes for the other companies but quantities are different. Deloitte or ANZ should make an announcement to the ASX for all the affected securities in my opinion. The owe it to: Opus shareholders, Company directors, the sharemarket in general.
Would you buy BMN, CGF, GBG (and possibly other) shares on Monday morning thinking theres a huge unsold overhang from Friday? This is not my interpretation of an orderly market.
It is potentially a market for insiders who are tipped off to get cheap stock.
Joel
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