The Convertible Note broken down, page-84

Thanks @Amida very handy to keep tabs..

While Arena are clearly selling, the number of shares they have offloaded is nowhere near the total volume over any period.. initially I figured that a clue might be in the net volume v's the total sold/total bought.. theorising that they are buying and selling (creating a market to offload into) and at the end of the day, net volume shows the amount they have offloaded..

Problem with this theory is that when I looked at some of the detailed tables you posted it doesnt look like Shaw have bought a material amount of shares.. this would imply that the total selling volume includes lots of shares from other sources.. wondering if the size of this volume can just be explained by DT's and profit takers?

If Shaw haven't been doing much of the buying, then its fair to say the demand is real and not just a 'created market to dump into', and the price has held up well in the face of 'so much selling'.. there must be other accumulation going on, masked by (and probably leveraging off) Arena's selling. If that's the case, the capping may be other forces.. (I imagine Arena have no interest in limiting their selling price), so I wonder if we are being held back by accumulators as much as by Arena selling?

Anyway, just thinking aloud. Happy to hear others thoughts too.