GGP 0.00% 0.6¢ golden gate petroleum ltd

possible explanation for share price fall?

  1. 22 Posts.
    In its announcement on 25 August 2009, GGP said:

    "GGP has also come to an agreement with one of its major shareholders, Eastern Advisors Capital Ltd
    (“Easterns”) which have been a recent seller of GGP shares. As part of this agreement Easterns have sold its
    position in GGP down to 10% via an off market transaction and has agreed not to sell additional GGP shares
    for a period of three months."

    Three months would have finished on 25 November. Could this be an explanation for the relatively high selling volume?

 
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