19,950,000 shares were just crossed by BBY to long term holders, taking out a large perceived overhang that has been weighing on the company since its inception.
This is a great result for the company and shows the strong support for this company. It is my understanding that there are no longer any large lines of stock out there and this should provide a very good platform for future share price appreciation.
The surplus demand for the line has been placed on the bid at 11c.
Unfortunately due to the fact the crossing was done on Chi X it will not show up on many on-line broking accounts or even web-Iress (full Iress and Bloomberg certainly show the crossing) but hopefully the company will put out an announcement in due course.
Great result!
19,950,000 shares were just crossed by BBY to long term holders,...
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