Actually they have been selling small parcels, but when they get under the 5% holding, they can then sell huge parcely without notifying market:
Idea being they can now go under the radar and sell of their holdings without having to notify anyone as they are not a substantial holder.
Ann: Ceasing to be a substantial holder, page-11
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Last
0.9¢ |
Change
0.001(6.25%) |
Mkt cap ! $27.14M | |||
| Open | High | Low | Value | Volume |
| 0.8¢ | 0.9¢ | 0.8¢ | $190.7K | 23.75M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 18 | 18088567 | 0.8¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 0.9¢ | 14792155 | 13 |
View Market Depth
| Last trade - 15.33pm 03/10/2024 (20 minute delay) ? |
| ADN (ASX) Chart |