They only have to declare their position as Becoming or Ceasing to be a substantial shareholder when they cross the 5% threshold each time- and as many people have said countless times before they do not trade solely and hold the securities themselves as a single entity.
They Buy/ Sell or lend short positions of 'X' number and continue to cross that 5% threshold. Again to clarify these notices are not because they dump 35mil shares on the market for the profit as you said
Ann: Becoming a substantial holder, page-16
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Last
24.0¢ |
Change
0.015(6.67%) |
Mkt cap ! $196.3M | |||
| Open | High | Low | Value | Volume |
| 23.0¢ | 24.0¢ | 23.0¢ | $865.9K | 3.702M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 2 | 52553 | 23.5¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 24.0¢ | 845110 | 17 |
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| Last trade - 16.10pm 12/07/2024 (20 minute delay) ? |
| SBM (ASX) Chart |