Who does this sell down benefit ? Certainly not retail. That leaves large family holdings instos and insiders.
Given most here think this is a sound business with a good future. There can only be one reason imo. To create the opportunity to buy shares cheaply. This is a power play imo, manipulation. The reason the big boys aren't defending the share price is they all want shares cheaper. This may go to $3 before it ever sees $10.
This will all pass in my view, there's an Indian listing coming very soon, and the big dogs are going to fight over it. There's a lot more to this than meets the eye, so stay calm and make good choices.
Cheers D
FND Price at posting:
$4.18 Sentiment: Buy Disclosure: Held
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