There must be a subs holder report coming up with a holder shedding at least 1%; that is 5 mill shares; I cannot see this falling so much without someone dumping slowly over a long time; on the contra, if a big holder really wanted to dump, they would have dumped in the 12 mill share day of the good quarterly
a top 20 would be curious to see (and compare to the most recent we have been told)... because a couple million shares gets you in the top 20, so I wonder if a few of the top 20 (under 5%) have been shedding shares
I really think ASIC should be asking the question: your shares have halved in the last three months on the back of good news; is there something happening Mr Market should be told about.... we know the answer will be benign
So the final straw will be (as we noted) why is management not buying and (my desire) why is no buy back happening at these prices
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