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Ann: TSN Raising $1.7 Million With Strong Institutional Support-TSN.AX, page-198

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martyw

1,398 Posts.

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12/08/16

09:45

Post #: 18501462
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Originally posted by ezyrider ↑

@TenX

This paragraph you stated is very important in my view

"The first raise brought the right cornerstone investors onto the register. No doubt they have agreement that if they were looked after now, that they would provide support on market later. Obviously with C Group selling since we hit 4c, any insto will try and see how much they can pick up from him first before driving up the price on market."

What will make a monumental for us shareholders is the C group being taken out off market. More so if by several investors and not just one large entity.

TSN has had a history of dragging the anchor by one large group selling out:

Utilico kept the level at 0.004 for what felt an eternity till the C group took them out then the sp rises dramatically after this event.
We then had Kirke sell, which forced the sp down through the .03"s
Now we have the C group requiring their funds holding the sp at current levels, I believe once they move on this will have the same affect as Utilco and we will move forward again.
These large amount of shares being held by one entity is damaging for the share price when they want out.

So if several separate investors ( more the merrier ) can take out the C group it may not be so damaging on the share price if one of them requires their funds.

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Hi Ezyrider

Just to clarify, Cop Group did not take out Utilico ... C Group only came along post the Utilico buyout. Not important really but in the interests of everyone ensuring they have access to the correct facts I thought I should clarify.

However, on the matter of selling, I got the broker data for the past 3 months trading .... the big sellers : Bell Potter, D2MX and Euroz were the 3 largest net sellers ... they are the brokers for Cop Group, Cop Group & Kirke.

As we have noted, once these guys are gone it will relieve a lot of downward pressure.

MartyW

TSN Price at posting: 1.8¢ Sentiment: Buy Disclosure: Held
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