if the share price was 20c and you were a big insto and you owned 10% of the company. And then June comes along and suddenly you only own 8%. what's worse is those mongrels who took your 2% only paid half price for their shares. And so for you loss the company is only 12 mill $$ better off.
That is the sort of thing instos do to us. We NEVER get to do that to them.