I understand from one of the placees that it is mostly existing shareholders together with a few new ones....big names that make a stock go up when the mkt realises they are there.
I believe there may be a couple of traders as well which is why the stock has stopped in its tracks right now, but they wont own more than 3 or 4 mill shares. If you wait a week or two they will be out and the stock can start to go again....also saw a broker report valuing them at 30c.
I understand from one of the placees that it is mostly existing...
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