It always pricks my ears up when i see a "ceasing to be a...

It always pricks my ears up when i see a "ceasing to be a substantial" holder notice just prior to an "appointment of voluntary administrator" notice.
Transaminvest sold 35.8million shares on market between 3.7 and 2.4,
Must be good timing?dodged the bullet... But i am sure transaminvest took a big hit too
anyway the big volumes were on 12/2/2015 , transaminvest sold 24.1million shares average 3.6 cents a cool 876k

That was after the "binding MOU" for $110million from Castlepines Global, well the rest is history.

The big debts to creditors need to be finalised at this stage it looks like they will have to accept (??) cents in the dollar so then id say the company wil be wound up and liquidated unless a white knight appears and then they will want very very favourable terms and a need to recapitalise the company.

As delisted alwasys says about VA, they never auger well for shareholders

BUT i am just in awe of this "ceasing to be a substantial holder" notice when i am sure many mum and dad punters bought their shares on the $110million castlepines "BINDING" MOU (MEMORANDUM OF UNDERSTANDING")

or was that MOM (MEMORANDUM OF MISUNDERSTANDING)

the Good LORD knows, cuz i am damn sure i dont

anyway good luck to all, its just that mining is very exhaustive business financially and DML had big big debts that creditors were getting nervous about