CL8 0.00% 1.3¢ carly holdings limited

There was an in specie distribution of 32 million shares on 2...

  1. 80 Posts.
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    There was an in specie distribution of 32 million shares on 2 Nov.
    Of those, 16M shares are held by Domenic Carosa who is a director. Lets assume he is not selling and it is the other holders that are trying to offload their 16M.

    Since then we have seen sell downs of a few million shares on 15 Nov, 19 Oct and recently on 11 Nov. Hard to tell how much but maybe somewhere between 2 - 5M shares at a time.

    Hopefully once the selling is finished this will fly. Be on the look out for another dump of a few million shares around mid December.
 
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