One crossing of 108,914,639 was reversed. To me that looks like the brokers stuffed up which account they went into.
Then a few minutes later 54,457,320 were crossed before the close.
Then in the closing match two other orders accounted for 7m and there was a trade for 47,457,319. This last one wasn't a crossing.The standing bid this morning is the remaining 7m that the other side missed out on last night because the 2 bidders jumped him in the matchout.
A crossing must occur if parties on both sides know one another so why wasn't the 47m one a crossing ? Another mistake by a broker ? No one would throw bids and offers around like that if they didn't know who the other side was.
As mentioned before Mike Fitzpatrick is the only one who can throw that many shares around. He would know the listing rules and need to disclose to the market a change in substantial holding but maybe only if those shares went out of the Log Creek name.
It is probably done for tax reasons only so there isn't much point getting too excited.
SBN Price at posting:
0.1¢ Sentiment: Hold Disclosure: Held
