It is now apparent who has been selling. "Regal Management" A major holder.
They have quit 30 Million shares since June 2021 and they still hold 240 Mil shares.
No idea why they are progressively selling, (assume to recover their capital), but it is not true that only the speculators are selling.
I do not expect that Regal Management will dump its 240 Mil shares in one go and wreck the market, but it seems to me they will progressively sell them over time as the market recovers.
Unfortunately if this happens it will keep downward pressure on the market price for some time.
Can only hope that NET grows its income rapidly driving up the share price and enabling someone to take out Regal.
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Mkt cap ! $11.63M | |||
| Open | High | Low | Value | Volume |
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| NET (ASX) Chart |
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