ERM 0.00% 6.5¢ emmerson resources limited

Whats going on?, page-15

  1. 1,682 Posts.
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    Sherlock Buffet - Since the announcement on the 19th of May almost 31m shares have been traded (over 2m a day on ave)

    Since the last "change of substantial ownership" announcement from Stark emu (triggered on a reduction from 54m to 50m) on the 23rd of March 57m shares have changed hands. (ave of over 1m share per day)

    If they are the ones selling (even 10% of the total volume) why haven't we seen another "change in substantial ownership"? (not saying they aren't selling but surely they have to have sold more than 5m of the 57m)

    And either they are selling an increasing small percentage of the total volume traded - giving them less control over the SP or they are being forced to chew through their 50m share left at a faster rate - either way their strategy will eventually fail and if we keep trading at the rate of almost 3m a day that failure will come sooner rather than later.
 
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