Macquarie have held NMS as their no 1 exposure in their smaller companies fund for a long time now. I know that before the GFC they viewed it's potential as a $2 stock - I think they would still feel the same now.
Any selling is likely to be forced upon them by redemptions or increased weighting as S.O.B(aglimit)suggests.
Ann: Secures $20m in Blue Chip Contracts , page-22
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