In theory if they were 3.8 buyers during that accumulation this recent sell down has cost them only $140k, so far that small potatoes when you consider the size of the free carry and how much more a take over would cost, if we were trading normally with yesterdays news probably at 3.3cents, huge difference.
In a basic takeover scenario as it stands offer now comes in 5.2 as opposed to 6.6, thats a $24 million price difference, created by a $140k sell down.
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