Ann: Change in substantial holding-J.P. Morgan , page-3

re: Ann: Change in substantial holding-J.P. M... G'day Dan.

They only seem to have dropped 269,345 shares which I would think is because they are trading in and out on a regular basis.

I would also think that the larger drop in the percentage of there holding is probably because they may not have partaken of the share offer therefore diluting their holding.

This is just my thinking which could well be incorrect.

Regards

Lockitt.