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04:26
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Originally posted by SneakyJonny:
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If I'm understanding the debate correctly, there was discussion that the broker data demonstrates that the sophs/institutional investors have been net sellers of Invictus shares. At first glance this appears to be the case based on the broker data that's been posted. However, ChilenoInvested brought up an interesting point that the broker data does not include the 100m+ shares that were purchased by sophs in the last capital raise. If you add the 100m to the negative numbers shown in the broker data, the sophs have been net buyers by a significant margin after accounting for the capital raise. This contradicts the argument that the sophs have been dumping all their shares on the market. When taken as a group, they've been dumping some shares but only a small fraction of what they purchased.
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An edit to my previous post: I said the sophs have been selling a "small fraction" of the shares purchased in the capital raise. However, that's not accurate; it was more like 25% to 40% of the shares purchased in the capital raise so not small but still less than half. I don't know who all are considered soph brokers so maybe someone else can calculate the exact percentage. The point remains that they've been net buyers in the period shown in the broker data (if my interpretation is correct).
(20min delay)