placement overhang, page-22

Thanks paddywack. Important to know that "historic" stuff.
He split his "participation" with this one which adds to the intrigue. His "tax loss" account, or, his "capital gains" account!! Called "balancing" his exposure!! i.e. How not to have to pay ANY tax. Lovely.


But, another 32 million went through today, 10 million in CHI-X and we have INCREASED the buyers to 115 million. So, the demand is certainly there, now to translate those into trades, @ .011 and above, of course!!

I'd say another 27 million of what we can see on the Sell side to .020 (1 million plus) are from those S.I.s, on top of around 40+ million that went through on Tuesday and yesterday since the placement shares were issued.
Tomorrow, being a Friday, in these uncertain market times, could be interesting. Roll on volumes.