Has anyone else picked up on the latest top 20 in this report. Our number 1 shareholder Citicorp Nominees has increased their holdings by a massive 5 million shares. They now hold over 12 mil shares (up from 7 mil) or 8.48% of the company. You will recall BTIG are buying for Citicorp Nominees and BTIG act on behalf of funds!
To me this is massive. The share price might not be reflecting this yet, but this register is tightening up at the top end of town.
I have seen a similar situation in ZIP, once the placement brokers had flipped their shares with total disregard for the share price and share price went down to 24c. This took a number of months before the register settled in sticky hands and you can see what happened to the lead up to app launch. +$1
I'm not saying ACU will emulate ZIP run, but the ACU register in my mind is getting even tighter than ZIP.
@PubLunchMan, I know you love a tight register. What are your thoughts here. I'm getting excited
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ACU Price at posting:
11.0¢ Sentiment: Buy Disclosure: Held