An interesting anomoly was the cause with sbl.
Ascent Capital Holdings cut its holding from 42mill shares to 39.
But the company is still a substantial shareholder with 9.6%.
The seemingly significant drop from 12.39% resulted from a recent share placement and subsequent dilution of capital.
Because the company issued more share is really why the interest has changed to that extent, rather than the change in the number of shares, Ascent director Gary Steinepreis said.
Because the company has issued 50 million shares under a placement that was really the reason why the holding was diluted.
Can someone explain what the hell this article is on about......
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