Logically, you have BG's effect the wrong way around. Due to the fact that his strategy appears to be to sell a daily percentage of the volume (in the order of 10%-15%), as his holding has reduced the effect has become more pronounced.
When BG started selling, he held approximately 15 million shares out of roughly 100 million SOI. So he held 15% of shares on issue and was selling 15% of daily volume. The remaining 85% of shares were making up the other 85% of volume. In this case, it's reasonable to assume that BG's selling was not having an overly negative impact on the share price.
Fast forward to today... there's 160 million SOI and BG's holding is down to say 50k shares. It appears BG is still targeting in the range of 10-15% of daily volume, so his ~0.03% holding is now still consistently selling 10-15% of daily volume, while the 99.97% of shares on issue are making up the remaining 85%-90% of sales.
When BG's holding hits zero, there should suddenly be 10-15% less volume each day being sold into the bid. I'm confident that should have a positive effect on the share price... that doesn't mean it will go up, but if it does go up it will go up more than it would have with BG selling, and if it goes down then it will go down less than it would have with BG selling - so an overall positive impact.
There are of course those on both sides of the fence about what impact this will have. It seems we only have a few days at most until we find out for sure.
General Comments / Chat, page-7180
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