I recently picked up a handfull more shares from the sellside, speculating that there is something on the way, too.
But since the huge 500k offer apeared on the sell side and 1 million changed hands last night, I am no longer sure that it will be something positive.
We will most probably know soon, anyway here are my thoughts about it:
1) Somebody who is in the know wants out, because he will soon be able to pick up the 1 million at a very much lower shareprice.
2) An insider is selling who will be granted shares for free, soon.
3) Somebody needs 25.000 $ badly and immediately to pay some bills, was looking for and finding a buyer and they exchanged shares for money on the ASX.
However, does anybody know a website where insider selling/ buying on the ASX is published?
Besides that no news/ research results on my side...
Cheers and have a good evening,
Neo
WOF Price at posting:
2.5¢ Sentiment: Buy Disclosure: Held