Odysseus i can understand your logic that a shareholder owning 20% of a company should have better information than the little person, although in this situation this is not the case. If you could please do your homework on M&G and their other top holdings in the Australian mkt you will notice that they are not doing very well, infact they are having probably a worse time than you or i. when a large fund gets redemptions they have no choice but to sell, even if its at the low. The news event regarding Crux created liquidity for them to exit. Getting off 20% of a company in a short space requires very good news and liquidity. They took this opportunity & subsequently it created an opportunity for others. I suspect NXS will need to do some work around 11c (due to the crossing at 10c and people flipping for small profit) then its back to 15c in a short space of time. NXS is a screaming buy.
NXS Price at posting:
10.5¢ Sentiment: Buy Disclosure: Held
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