DLS 0.00% 69.0¢ drillsearch energy limited

resignations, page-31

  1. 1,281 Posts.
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    OK try this. Since 1st May 223,950,409 shares have sold on the market. There are 1,728,431,597 shares on issue.
    Since 1st May 13% off the company has changed hands. Any one of the trading days volume's could have matched a months trading volume at an earlier date.

    Assuming then that 3% of the register changes hands each month, then a total of 10% of the company's stock has traded above normal volumes. Could this be enough for someone with a large volume of pledged shares from say Queensland, and perhaps some pledged by the mob from Ballarat as well, to actually insist on more than a few board seats?

    It is cause for concern.

    JE
 
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Currently unlisted public company.

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