I've been following the LIT holdings since 01/11 when the held 34m shares.
There were a few days where the sold a couple of million or more.
As of 13/11 they are sitting at 23.86m
Their selling has slowed up since the last announcement.
It's almost certain their selling resulted in the drop to 18c.
Hopefully they stop selling soon and let the price rise (or better yet, buy back the 10m shares they sold and drive it up quick.)
Ann: Quarterly Cashflow Report, page-96
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