I went back and took the last 4 notices :
The earliest showed sales of roughly 9 million shares over 4 trading days or roughly 2.3million sold per trading day.
The next had sales of 7.3million over three trading days. Roughly 2.45million per day. The one that took it below the significant shareholder was just over 3 million for the 7th of October. That was part of this panic process. At that point they had about 25 million to go. So if you take a conservative average thats 10 trading days.
The problem is that DMl is not a stock you can play on margin. You would think that with traders the only game is to short - you would have to be brave to be long.
The shareholders have been exhausted both in sentiment and in cash so few of the existing are probably buying. The CFC sellout would have absorbed speculative players - like it did me.
Personally I am not sure that there are holders of 25 million left unless you take it down below 6cents - I dont like that idea but it seems like we have 10 more days to go and each morning it seems like less want to rock up to the party. I really think that its unfortunate because under a different environment you would probably have seen the new shareholder be only too happy to take up 5% at these prices.
I went back and took the last 4 notices :The earliest showed...
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