There are 477 million Meo shares on issue. From memory there are...

There are 477 million Meo shares on issue. From memory there are about 9000 shareholders which equates to about 53000 shares each. The top 20 shareholders own 83 million shares or 17%. Therefore there is 394 million shares owned by others. During the last Financial Year the peak sales volume and price paid were 24/7/09 46million shares @ top price 46cents, 3/8/09 54m @ 58.5cents, 7/8/09 38m @ 55cents, 27/8/09 37m @63cents, 8/9/09 27m @ 66cents, 25/9/09 26m @ 72.5cents, 21/10/09 22m @ 67.5cents,18/11/09 24m @ 53.5cents,27/11/09 24m @45cents, 6/1/10 19m @53cents, 11/2/10 18m @39cents, 14/4/10 46m @ 48cents. Since April the share price has consistently dropped together with volume to the present price of 32 cents. I believe that the average shareholder with their holding of 53000 shares has been locked in at prices well in excess of the current 32 cents and this is why the demand on good news has been so short lived. Some shareholders have averaged down since April but the majority have stayed out of the market.New Investors buying in at the current price are buying in at a time when Meo has never been stronger - it has cash,a big brother, and an exciting prospect in Artemis. As we approach Spud , the share price will increase as new Investors enter the market. Existing shareholders will get the opportunity to sell all, part of ,or hold as the share price increases and the volume builds. It is all based on supply and demand. Good luck to all. My thoughts only. Do your own thing.