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There would be absolutely no reason for Pattersons to sell down,...

  1. 71 Posts.
    There would be absolutely no reason for Pattersons to sell down, wouldn't make any financial sense to them. If I am wrong let me know but they aren't daft enough to loose the underwriting fee the worked for or else its wasted effort for them. I don't think they are the ones selling.

    Personally I believe some of the 50% that did the rights issue gained their shares and are selling down. It's the smaller investors/traders that sell down on low volume.
 
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