Just have to look who had about 20 million MNMO a few weeks ago and now have virtually none...?
I have not looked at the MNM top 40 register recently but I assume its the same seller....
Lets just say, underwriters are generally not in the business of holding shares long term.
They make a fee on the Underwriting/SPP.
They need cash flow in order to do the next deal...
(If you were an underwriter and had access to say 3 million, would you do one deal and hold? NEVER...You do a deal, make a fee, sell your free oppies and do the next deal for another fee,.....simple really. I assume underwriters aim to do as many deal a year as possible? fees are guaranteed money...These guys have no emotional ties)
DYOR, this is just my take from my last look at the top 40 a few weeks ago....
None of the regular top 40 have sold from what I saw....
MNM Price at posting:
2.7¢ Sentiment: Buy Disclosure: Held
