EGR 3.33% 15.5¢ ecograf limited

What I can’t understand is why they didn’t have a sell down when...

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    What I can’t understand is why they didn’t have a sell down when the price was over $1. There was plenty of volume and surely they would have known a rebalance was in store. Maybe there nose was out of joint by the inclusion of these new cornerstone investors but money is money I suppose. Surely some type of off market deal between MUFG and Jeffries could have been struck. Jeffries seem to be keen to buy on market. I acknowledge how MUFG have been there consistently throughout but it doesn’t make sense to not fully capitalise on your investment.
 
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