Ann: Change in substantial holding, page-9

My understanding is they clearly know this stock is massively undervalued but they had no choice but to sell to reduce their holdings to just under 5% for one or more of these reasons:

1. By laws, they must sell to reduce their holdings from more than 13% to less than 5% because there are financial laws by the government where they can and cannot invest too much in. For example how much they can invest in a ASX 50, ASX 100, ASX 200, ASX 300 individual companies. And what industries or segments,...

2. By their mandate to their clients and their whole business operation risk profile. CAP is too small for them to hold more than 5%. It would be in breach of their mandate.

3. They have had very good profit and took profit just like many retail investors. When you are sitting on 300%, 400% profit you would naturally like to take some profit off the table anyway.

There are 476mil shares on issue and 5% of it is 23.8mil shares. I believe they have also sold 5mil to 10 mil shares yesterday. If it is correct, then they could be near the end of their selling. Very very near. They would keep 23mil shares left to make multi-bags from here.

So, share price could be on cusp of massive gain from here.