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clock Created with Sketch. 12/11/20
11:32
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Originally posted by stockanalysisguru:
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That is interesting, wouldn't have expected Sol Patts to buy into this one. On the notice one of their purchases says $5,000,000 for 50,000,000 shares on 25/11/2016 (10c per share) - I don't understand how that could be possible, back then the share price was around $6ish. I assume this is an incorrect date, they might need to amend the notice though.
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You are correct. SOL did not own 50m shares as at 14/09/2019 (page 95 AR 2019). Invesco was the largest shareholder at 26.4m shares. SOL must have acquired its 50m shares in the institutional raising listed at 25/11/2019, so it's a typo.
