Gob,There has been a fair bit of consolidation in the top end of...

Gob,
There has been a fair bit of consolidation in the top end of the top 40 holders in the past couple of months. Interestingly, I did not participate in the recent capital raising but have still managed to hold my position in the top 40 listing post dilution. It seems while others are prepared to sell the much bigger players are quietly accumulating. That to me is a vote of confidence in the company. I also suspect there are many holders in the 500,000 + range who have also been patiently waiting. I know quite a few investors in this holding range. This to me indicates the true liquidity in the stock is far less than the 129M on a per day basis which you have suggested above. This further leads me to thinking that perhaps the top 60 holders are sitting on about 90% of issued shares and the observation you make in point 4 above has more validity.