Another issue I forgot to address in my BLG history lesson was the SPPI/Lanstead saga. In the BLG 2018 accounts show SPPI as their largest shareholder (at 13.69%). Following through with significant shareholder notices SPPT sold down from 2019 to 9/3/2020 to 5.69& and currently do not appear in the "top 20". An announcement of 15/1/2019 (see HERE) said that this holding would be transferred to Lanstead over a 36 month period - SPPI clearly thought Lanstead would treat it as an investment, however the record shows that Lanstead simply bought 1,590,610 shares/month at a discount and immediately dumped them on the market until SPPI terminated the arrangement in June 2020 (see HERE) . The selling record is:
SPPT holding 1,590,610 /mnth $/share Total Lanstead shares 9/03/2020 1,590,610 $76,521 $0.05 36,584,065 8.74% 23,810,561 5.69% 20/02/2020 1,590,610 $108,919 $0.07 38,174,675 9.12% 22,219,951 5.31% 0.06 22/01/2020 1,590,610 $125,480 $0.08 39,765,285 9.50% 20,629,341 4.93% 0.09 19/12/2019 1,590,610 $147,240 $0.09 41,355,895 9.88% 19,038,731 4.55% 0.1 21/11/2019 1,590,610 $159,812 $0.10 42,946,505 10.26% 17,448,121 4.17% 0.11 17/10/2019 1,590,610 $174,802 $0.11 44,537,115 10.64% 15,857,511 3.79% 0.12 19/09/2019 1,590,610 $140,349 $0.09 46,127,725 11.02% 14,266,901 3.41% 0.11 31/08/2019 47,718,335 47,718,335 11.40% 12,676,291 3.03% Total 418,427,072 16/08/2019 1,590,610 $182,418 $0.11 47,718,335 11.40% 9,543,660 2.28% 0.12 17/07/2019 1,590,610 $181,813 $0.11 49,308,945 11.78% 7,953,050 1.90% 0.13 5/06/2019 1,590,610 $200,792 $0.13 50,899,555 12.16% 6,362,440 1.52% 0.15 29/04/2019 1,590,610 $203,331 $0.13 52,490,165 12.54% 4,771,830 1.14% 0.15 26/03/2019 1,590,610 $242,014 $0.15 54,080,775 12.92% 3,181,220 0.76% 0.17 18/02/2019 1,590,610 $246,487 $0.15 55,671,385 13.30% 1,590,610 0.38% 0.22 Total 57,261,995 $2,113,456 13.69%
As you can see the result was that Lanstead's selling collapsed the BLG share price from 15c/sh to 5c/sh by simply dumping them on the market - SPPI (and BLG and shareholders) were the victim and thus SPPI terminated the "arrangement" (in 2020). Just another of the "ills" that confronted BLG
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Last
3.4¢ |
Change
0.000(0.00%) |
Mkt cap ! $62.12M |
Open | High | Low | Value | Volume |
3.4¢ | 3.5¢ | 3.3¢ | $30.43K | 897.3K |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
1 | 999999 | 3.4¢ |
Sellers (Offers)
Price($) | Vol. | No. |
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3.5¢ | 90000 | 1 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
1 | 999999 | 0.034 |
14 | 1088120 | 0.033 |
8 | 1180000 | 0.032 |
12 | 3156123 | 0.031 |
12 | 1795344 | 0.030 |
Price($) | Vol. | No. |
---|---|---|
0.035 | 90000 | 1 |
0.036 | 328738 | 3 |
0.037 | 650710 | 6 |
0.038 | 450000 | 3 |
0.039 | 325000 | 3 |
Last trade - 16.10pm 07/06/2024 (20 minute delay) ? |
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Last
3.4¢ |
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Change
0.000 ( 3.03 %) |
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Open | High | Low | Volume | ||
3.3¢ | 3.4¢ | 3.3¢ | 212429 | ||
Last updated 15.38pm 07/06/2024 ? |
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