turnover

just out of interest I had a look at the turnover of shares since the last placement and the SPP.

the Placement issued about 44.4m shares around 11 Oct 2013.
the SPP issued about 43.4m shares around about 11 Nov 2013.

Since 11 Oct 2013 to now, there have been about 41m shares traded.

The shares issued under the placement and SPP were 18c?

during the period from the Placement to now, the SP has remained in the range of low of 18c to a high of 22c.
But the most sales were in the range of about 18.5c to around 20.5c.

so it seems that virtually the entire issue of SPP shares has been sold, or whatever - but for a small cap coy like WCL, where the Top20 own 53% of the shares, it makes me wonder who has been soaking up these shares?
As they say, for every share sold, someone has to buy them.

cheers