Well nothing has changed after the new structure has been finalised. Still another seller flogging off large volumes, refer todays individual trades, large seller at $0.28 so far 308,000 with another 100,000 plus for sale and probably who knows how many still with his broker to shift after that sale. I know the management have tried to take these sellers out of the market but it seems there is an endless number of these sellers. There is no way the share price is ever going to move up whilst these sellers keep on flooding the market. A copy of the the share register would be handy to see roughly how many of these large holders are still on the go.
CGG Price at posting:
0.0¢ Sentiment: Hold Disclosure: Held
