Hey Cheyne, you always have great posts, I would also be curious about the top 20, ever since we drifted under 10cents (on the 16th of Dec) so in the 53 trading days since then we have had a total of 84.5 million shares traded, heres some trading history and stats:
And here is the latest top 20 from the last annual report:
So you could see here, could really be anyone outside of the top 2 holders getting out here, and if it is one of the top 2 then getting out they still have more to go. An updated top 20 would answer a lot of questions, but it definitely could easily be a number of top 20 holders exiting as the average holding in top 20 outside of the top 2 is about 7 million, so a lot could changed in the 84 million sold since Dec.
Interesting that they needed to raise $1.4 million at 8cents, such a small amount, staying under the need to get share holder approval, also issued more options. A little concerning.
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