Celeste, noting what you mention about huge holdings, I took a look at substantial holdings and they are as follows;
Blackrock = 5.1% (20.1 mil in share)
FMR = 6.1% (23.5 mil in shares)
T.Rowe Price = 3.5% (13.7 mil in shares)
Regal = 4.7% (18.3 mil in shares)
The lovely FCW = 12.8% (49.7 mil in shares)
What is more interesting is that the average buy price for all the above with perhaps the exception of FCW is circa $1.50, Blackrock bought a small parcel,761k of shares on 10th May at 0.72c which took them over the line to Sub holder.
As you say I don't think the above holdings (32.% of total shares issued) would want or accept liquidation although Blackrock do hold 60% of those bond notes.
I am still confident something will come thru 7th June.
DYOR, GLAH
QIN Price at posting:
29.5¢ Sentiment: Hold Disclosure: Held
