"And then there are some technical factors affecting the stock price, including, as you said, likely selling by a former director (he had 12.5m shares when he went below substantial on 5 August last year, and since then some 150m shares have traded, so on the basis that he has been dribbling out stock at a rate of 5% of ADV (a pure guess figure on my part) he would have offloaded well over half of his position). [If he was a selling at the rate of 7.5% of ADV he'd basically be done within the next month.]"
I believe the share overhang from James Gong is now virtually all but removed - one last push will flush him out.
It would be worth your while requesting a T20 from investor relations @madamswer.
Action incoming.
Cheers,
KTD Price at posting:
24.0¢ Sentiment: Buy Disclosure: Held
