has the big seller finished?, page-9

Hi all,

To settle some rumours and hopefully put your minds at ease, I can confirm BlueSky has not sold any shares.

Five names appear to have dropped out of the 50, it appears as if four of these sellers were all in the 2 year escrow and were vendors in the initial ALC prospectus when ALC listed.

The good news is they have now completely exited the registry, and this can also explain some of the continued downward pressure.

A small sale in comparison to total holding was seen from Allure (I alluded to yesterday why this was understandable and expected). Freeing up some capital makes perfect sense to me.

The most interesting thing is, majority of the shares purchased were made by only two holders (both using nominee companies) which made up 11 of the 12 million shares sold on Tuesday (ASX).

The blackout period is now officially over, so expect to see some director notices in the coming weeks