LKO 0.00% $1.00 lakes blue energy nl

Ann: Progress Report , page-31

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  1. 323 Posts.
    I think since the 1st June & before all the announcement(s) come we will or have lost quite a few unnervy retail holders who has bought the shares between .005 to .007, especially those who has got them on credit and those who are impatient. Hence one of the reasons for the support @ .007.

    This correlates with the "Brokers Report" where 68 Million (1-22/6)retail holdings were bought out by sophisticated investors from the beginning of this month.
    http://users.tpg.com.au/sillc1//LKO_25_6_09.xls

    I suppose this will make the lift on the share price a little easier when there are less retail holders.
    Most retail holders are satisfied with only making one to two pips, with holdings of of thoudsands,
    And unfortunately they get back in again at a higher price.

    Someone is slowly off-loading 70 million at 0.008 since friday? Hmmm mmm


 
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