Hi TribalKiwiI guess the only answer can be that the few...

Hi TribalKiwi

I guess the only answer can be that the few entities that qualify as substantial holders are not selling. Without trolling thru the annual report i would guess there are only a handful of Sub holders.
No doubt some large holders have moved on, i see this as a positive in that it leaves the register with less of an 'overhang'