Regal still holds 11.5m shares out of 96m shares on the registry. Average daily vol for this stock is about 200k - 300k shares a day. So we're looking at 50 - 60 days for them to sell out. 5 trading days per week => 10 - 12 weeks. Keep in mind the price is an important factor as well. In theory they could sell their entire holding in an off market sale but it's usually at a discount so i doubt they're gonna do that.
Ann: Ava's Manor Update, page-20
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Last
0.4¢ |
Change
-0.001(12.5%) |
Mkt cap ! $11.25M | |||
| Open | High | Low | Value | Volume |
| 0.4¢ | 0.5¢ | 0.4¢ | $6.024K | 1.387M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 14 | 36515454 | 0.3¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 0.4¢ | 9500000 | 2 |
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| Last trade - 12.54pm 21/08/2024 (20 minute delay) ? |
| MKL (ASX) Chart |