Hi TBE,As mentioned before, crossings of 8 million ETC on...

Hi TBE,

As mentioned before, crossings of 8 million ETC on 01-05-09 were all done by Macquarie (broker on both the buy and sell side). That threw me off because I'm not sure who they are acting for. From what I can see from historical trades, QIC does not use Macq. However, Macquarie could have arranged the trade for the buyer and seller. Does not mean a thing at all.

The bulk of the trade at $0.40 today...... (the big line) was not a crossing. However, it does not matter. We can find out on Thursday next week which brokers were involved. That was an arranged trade between 2 brokers, where broker A places a buy order and then broker B hits the sell button to fill him on market.

I am hoping and keeping my fingers crossed that Kinetic has finished their selling. The problem is once they go under 5% of the register, they don't have to disclose their trades anymore. Same goes with QIC.

I still stand by my earlier comment that given the coverage and liquidity seen in ETC of late, 5-6 million share sales should not be an issue anymore. The reason why ETC suffered late last year and early this year is due to the lack of liquidity and lack of large broker coverage (no lack of respect intended to Foresight securities & Lodge Partners).

Now that instos. know about a company called ETC, liquidity should not be a problem. As I've always mentioned, if we see news of decent cashflow coming from their contracts, we will be fine.

We just need to wait out another 5-6 months on this stock and the market as a whole. Patience should pay. The main risk we have with this stock is the non-performance of their contracts.

Have a great weekend guys. Happy investing.