re: not perplexing - trading's Since the 14/12/04 since the placement was made, 267,000,000 approx shares have traded.
there was 190,000,000 or so, issued in the placement.
Maybe half of those 267,000,000 have been churned by traders, so maybe the underwriter still ahs another 30 or 40 million to go?
But then again they could have less than that?