The ice berger (undisclosed buyer) is still there behind the current 5 bidders you can see on screen this morning for about 1mio at 11.5 cents.
Interestingly, I did a check of the 3 most recent substantial shareholder notices of Pangea and they have never sold on a Friday.
i reckon there are some sophisticated day traders trying to make a quid on some days by shorting the stock as they are using one of those institutional nominee companies that are in the top 20 shareholders list. That is just my guess as i can't back it up as I don't know who is hiding their ownership in those nominee companies.
Don't reply on my research and do some of your own analysis and come up with your opinion as that is what makes a market.
BEZ Price at posting:
11.5¢ Sentiment: Buy Disclosure: Held
