placement overhang, page-6

Only 3 in that placement took more than 8 million, yet, we have already seen one off dumps of 5 and 10 million lots and another 10 million in at .012.
The majority in the placement took 1 million each.

That suggests strongly to me that the big takers will be sellers and when we see what Pershing does, I would suggest that Pershing will be wanting to clear what they have taken ASAP. Now, that depends on how many THEY actually hold and haven't been able to clear themselves.

It still is all about volumes, size of orders, before we know for certain, but, my money is still on a majority sell out pre .020. Again, just my GUESS.

Company Overview
Pershing Securities Australia Limited provides agency brokerage services including execution, equity research, clearing and financial advisory, and custody services. In addition, the company offers securities lending, collateral management, and transfer agency services