Hi All,
I am trying to determine when the price will drop to mandatory selling trigger for the large funds/insto’s assuming the triggers are circa 20%? If the triggers are circa 20% then those insto's that bought at $11.50 (8.6 mil shares) would have started to heavily selling at circa $9.20 (unless there had bought earlier at lower prices)?
Looking at the volumes traded (estimate around 6.5 mil shares yesterday and today) I am assuming that those new 8.6mil shares may not yet issued and tradable by those insto’s, is that a correct assumption or would the instos already have access to trade those new scripts? If it is true that those 8.6mil shares are not yet tradable, how long (days) does it take for them to become tradable?
Any insight and theses on price and volumes would be greatly appreciated.
Sorry to all those that bought at top!
BLA Price at posting:
$5.92 Sentiment: Buy Disclosure: Not Held
