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Ann: Ceasing to be a substantial holder, page-2

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  1. 7,657 Posts.
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    It wasn't just dilution but also has been selling down however he didn't need to announce the sell down as it wasn't a 1% change and now with the dilution he is free to sell.

    Previously had 52.4M shares back in October 2020 which was the date of the last notice.

    https://hotcopper.com.au/data/attachments/3135/3135046-52c993c7144405645064378fcf0043a0.jpg
    Now has 45.9M shares, where did these shares go?

    https://hotcopper.com.au/data/attachments/3135/3135033-c0d4d7312c4e901d7e38b7970a20ec79.jpg

    Now that Stephen Silver isn't a substantial holder he won't need to announce any of his sales.... Do a quick google search on him as it sure is interesting reading especially if you look at the FINRA violations (he didn't admit guilt or innocence but paid a fine for both violations) or CLI thread on HC amongst others.
 
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