We went through their last month of trades from 23 Aug to 28...

We went through their last month of trades from 23 Aug to 28 Sept (when they announced the 'Ceasing to be a substantial holder' update).

During this time, Perennial did roughly 30-35% of the daily average volume; however, the run rate picked up to 40-45% during the last 4-7 trading days.

Perennial sold 1.76 million shares between 22-24 Sept. They were down to 7.346M shares as at 24 Sept.

Looking at the daily volume and estimating that they did 35-40% of the trading, we got that ~5M estimate that we mentioned earlier in this thread.

It wasn't just picked out of the blue.

That said, Perennial might have sold more than we estimated and - in fact - the ~4M share sale today might be the final trade.

That means that Perennial could be out for good!

Keep in mind, Perennial did multiple 3-4M trades on the 14th of Sept (see announcement on 23 Sept).

So, while this 4M trade seem positive, we can't get excited yet...

We NOW need buying volume to suggest that Perennial's out for good.

Fingers crossed they are because they would have weighed on the share price action for several more weeks.

We need a good piece of news to send the share price skyrocketing.

Anyone that buys around these price levels, in our opinion, should make good money!

To your first million,
-Trading For Millions.