FFX 0.00% 20.0¢ firefinch limited

Bought 1 million all together at 1.5c in the last 2 weeks with...

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    Bought 1 million all together at 1.5c in the last 2 weeks with the latest when the announcement was made for 500,000 shares.Surprised the seller did not turn up then but elect to go walk about instead.Agreed it would have been possible to drip sell at 1-2 million at a time, in doing that the sale could be absorbed more easily instead of one lot of 9.8 million. Not many people will allot that type of money for a micro share in one go except an instiution.In this way, the return could be maximise.Besides a 9.8 millon lot act as a deterrent and does not help with the selling price.
    I cannot reconcile with the strategy of selling everything in one lot.There are still buyers that are willing to buy at 1.3/1.4c in smaller lots as the fundamentals of BGS is reasonable and compelling and to have some funds in it could be a manageable risk.It would be interesting to know the reason for adopting this exit strategy by this particular seller.
 
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