There is no evidence that an institution is selling out. Have a...

There is no evidence that an institution is selling out. Have a look at the following graph....



This is every share sale in the ASX from the day the capital raising was announced. A total of less than 10% of the AXP shares has been traded in that time. If a shareholder with a holding greater than 5 percent materially changes their shareholding they are legally obliged to inform the market. On the 31st August one company, Viburnum announced they had become a substantial shareholder. I suspect (but can't prove) that they obtained their shares as part of the August capital raise; i.e. a new (?) shareholder. On 6 September Vivo (Cheskin's company) announced their shareholder.

NO company has announced that they have substantially reduced their shareholding.

Remember that for every seller there is a buyer.

My view is that what we are seeing here is the private investors rushing for the exits.