Care to elaborate?Its obvious an entity wants to by a large...

Care to elaborate?

Its obvious an entity wants to by a large stake and an ex insider with 50+ million in script has now been freed up to trade as he pleases.

The top 20 shareholders own 73.6% of the 558 million on offer.

Outside of the top 20 only 149 million shares are held by “others”and I own more than a few million of these.

All up 1123 separate shareholders (albeit many with multiple holdings)
455 owning between 10 001 to 100 000 shares and
247 owning 100 001+ shares

This is so tightly held that any one wanting a good sized parcel would have very little success but this latest announcement opens a door for such a trade.


The 4 week average volume traded is a measly 58518 shares, low liquidity.

Hence in the announcement it states

“ The board of the company has reassessed the restriction and believes that releasing Mr Armstrong from this obligation could enhance the liquidity of trading in the share of the company “

Some one wants in and this could and probably afford someone’s exit but only partially as I believe the potential upside is massive and even an ex insider will know this, after all it was his baby originally.