Appreciate your sharing, @vango. Although I cannot prove this, I suspect the top 20 to 50 shareholders have been adding to their holdings. These would be those long term holders who have been following FLC's story and are prepared to take a bet with Tom's entry and FLC's product life cycle.
The link below explains why Ronen is selling and why Eytan has sold. After the initial discovery phase, it takes a different skill set to commercialize the product. The boffins will want to exit to allow the business men to take over. Start listening at the 24 minute mark and the point I am trying to make is mentioned at the 26 minute mark with Zee Lung and Ozymem as examples.
https://www.bluetechresearch.com/blog/dynamics-of-water-innovation-a-defence-with-reinhard-huebner-ceo-skion-water/
Of course , if you are a serious investor, I would recommend that you listen to the whole discourse.
After listening, you will probably get a picture why the top 50 will be adding to their positions.
Chart, page-481
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Last
12.0¢ |
Change
-0.005(4.00%) |
Mkt cap ! $129.7M | |||
| Open | High | Low | Value | Volume |
| 12.5¢ | 12.5¢ | 12.0¢ | $15.22K | 123.4K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 3 | 175663 | 11.5¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 13.0¢ | 23084 | 1 |
View Market Depth
| Last trade - 15.54pm 12/07/2024 (20 minute delay) ? |
| FLC (ASX) Chart |