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jake0002

8,589 Posts.

2848

15/08/15

10:42

Post #: 15812736
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Originally posted by bernie3 ↑

The 60 mill crossing yesterday was a very good thing for shareholders. On June 15 the company announced a small holding sale facility. That meant EGO selling on behalf of anyone owning less than $500 worth of stock all those holdings unless the shareholder objected. The potential of up to 200 million shares being sold was enough to put off some buyers until this overhang of stock was out of the way. EGO have been selling these for a few weeks now, selling over half the volume traded. Yesterday they sold the entire balance of over 70 million shares and hence this selling pressure is now at an end.

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Bernie, how do you know those figures? EGO has not released them yet

EGO Price at posting: 0.5¢ Sentiment: None Disclosure: Held
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0 Great analysis

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