Just an update how things have gone. Will post with more detail in near future just been flat out lately.
1. Company has been very co-operative which is a big plus. Rare someone like me gets any response from any direct or indirect party related to the company. Always nice to have a company that's transparent with holders (both big and small).
2. Your main seller has been AWJ of 800k shares, likely into that high volume day. He's liquidated himself out of 3 different Apollo companies lately, I'm guessing it is likely due to property market downturn he's derisking and liquidating out - as he owns 50% of Brisbane's largest property developer. On the positive there is barely any ammo left to sell from AWJ. So on the next push should do well.
3. Euroz and Argo have been supporting it hard. Argo have gone past the 3M shares mark. Euroz hold 1.5M. Also if you do a little googling on the Appendix-3Y for Mark Pearce's entities they all lead back to Euroz too. So Euroz is his broker too and likely they'll hold with him. Also explains why they've supported this. Also Verve Investments Pty Ltd haven't figured out who it is, but after some googling also leads back to Euroz.
4. T20 has actually gotten tighter. T10 holds 35% of the register. Nobody besides AWJ in the T20 has sold a share.
5. Corr Brothers and Bahen are the two key DM's outside Apollo that have been adding.
Cheers
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Just an update how things have gone. Will post with more detail...
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Price($) | Vol. | No. |
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0.150 | 25000 | 1 |
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