@Paulc8166,
I wouldn't worry too much about this announcement.
Totally procedural: No one has sold 4% of MSB stock; its merely the expiry of the equity lock up that several key shareholders committed to as a condition of the Nasdaq IPO.
(Well, when I say nobody has sold, it looks like the investment banks to the underwriting agreement have probably sold some of their underwriting stock, but if its Celgene's stock you are worried about, they've simply had their committed stock returned to them. Quite in order.)
Ann: Change in substantial holding-MSB.AX, page-5
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Last
$1.13 |
Change
-0.055(4.66%) |
Mkt cap ! $1.284B | |||
| Open | High | Low | Value | Volume |
| $1.18 | $1.18 | $1.13 | $4.824M | 4.236M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 2 | 25589 | $1.13 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $1.13 | 10000 | 1 |
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| Last trade - 16.10pm 17/07/2024 (20 minute delay) ? |
| MSB (ASX) Chart |