Myer Coates sold 17 million shares off market for 9c. To who will be answered very soon IMO.
The Directors have sold off ZERO... Direcotrs in First Cap and Transocean. If a Director related Coy bought at 9c or a Pharma taking a position we will blast off.
Worst case is Myer Coates purely profit taking- yet still the question remains 'who purchased 17 mil for 9c off market?'. Near 4% of holdings, so do not need to release an ANN unless loading up above 5%. New Insto, Director firm or Pharma strategic play- soon to find out...
I will be betting that this question to be answered will be very positive.
Will be interesting tomorrow and next week- looking forward to the update in large shareholders to perform a review of sentiment. 50 odd Coys near commercial signings.
When I compare other biotech on MC of 100s of mil, we are onto a winner IMO.
Here are large holders before latest ANN over 1%;
FIRST CAPE MANAGEMENT PTY LTD(Director entity) 73,418,881 10.990
COATES MYER & COMPANY PTY LIMITED 53,762,113 8.047
TRANSOCEAN SECURITIES PTY LTD (Director entity) 41,060,502 6.146
NIMROD FINANCE LIMITED (Associated with a Director) 20,367,574 3.049
BRISPOT NOMINEES PTY LTD18,732,753 2.804
TISIA NOMINEES PTY LTD 17,024,785 2.548
MR STEPHEN CHARLES O'HALLORAN (O?Halloran family associated with Director) 15,280,000 2.287
MR IAN ANDREW NOBLE & MRS ANNETTE JOY NOBLE15,240,000 2.281
MISS WEI WEI WAI 11,800,000 1.766
MR THOMAS DAVID CUMMING (Relation to a Director) 10,083,333 1.509
ACT 2 PTY LIMITED 10,000,000 1.497
MR ROBERT THOMAS & MRS KYRENIA THOMAS8,500,000 1.272
FCM FINANCE PTY LTD 7,053,750 1.056
Cheers JAY
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