I've just got updated top 20 list, top 20 hold 110.3 million shares as at 14 July 2016, increased by 5.8m shares since 1 June 2016. Top 20 held 104.5 million shares as at 31 May 2016.
In despite of selling from UBS, FMR & BoA, these sellings have been soaked up by existing and new holders.
Also, our Head of Investor Relations and Capital Markets, continues holding 801,845 shares, she did not sell at $4.50.
Current market cap: $75m, with around $40m net cash.
I expect to see more upside with limited downside.
Harbour is one of the firm holders ATM, holds around 14.7m shares with average cost base of $2.43
Average cost base for new holders/those picked recently, is around 51c.
Basically, almost no holder is in the black at current price. Or those participated in initial IPO in 2014 still hold, but didn't sell at $5, still would feel frustrated as price has been smashed over 90%.
GLTAH
Please note the new list contains nominees accounts.
Top 20 list as at 14 July 2016:
Top 20 list as at 31 May 2016:
Increase in Top 20 holdings
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