my guess is
(1) old gxy directors selling their shares (they are not on the spotlight and no need to report?)
(2) mis-understanding the announcement - change in substantial holding, % decreased is due the merge (more shares now)
(3) ???
as a gxy holder since 2017, I have keep topping-up when it went down to 1.2 (didn't dare to buy more at ~80c), and sold ~50% on the way it went up to $5. end result is ~2 baggers in 4~5 yr, not bad at all.
Now we are ore, if it go down further then I'll top-up again - another cycle (but hopefullt less than 4~5 yrs). DYOR
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