The recent $6m capital raing went to insto and high networth clients of Bell Potters. Thats 120m shares at 5c. My guess they decided as a group to sell out. And given the huge amount of cash bells through at FDL yesterday, there is a switch going on.
It may be they are done with the selling given the huge volume transacted.
instos may have sold through another house, it happens. I donrt know I cant tell the broker behind the sales today.
Lets face it today was a disaster for the company. But a lift in price on Monday would not surprise.
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