Unfortunately I can only guess...There were 120 million shares...

Unfortunately I can only guess...

There were 120 million shares in the placement. I think a few other brokers sold at least 20 million into the 5 cent pump. Bell Potter has sold at least 20. That leaves 80 million between lead broker Hartleys and whoever else including Bell Potter is still holding? So I doubt they have too much more.

The placement was at 2 cents so I doubt anyone that didn't sell into the 5 cent pump will start dumping now down to 2 cents. It's going to be weak retail holders selling down any lower if it happens and professionals buying up IMO.

I am preparing with lots of buying ammo for an accumulation event on a quarterly that is perceived as 'bad' because it seems like the market has no idea how to read financial reports and won't realise that they received a few million cash last quarter in advance.