cba continues to sell down, page-7

2.5 million shares sold by CBA since previous announcement? Last announcement they still held 5.71% By my estimation that means as at 4/10/07 they held marginally under 5% which takes them under the substantial shareholding threshhold so they no longer have to advise the market when they dump more shares.

They could still be holding 16.8 million shares or they could have continued selling since 4/10/07.

On a positive note their previous selldown occurred on 14/9/07 when the share price first closed at 25 cents, and the share price had held pretty well above that level until yesterday despite CBA's continued selling.