Technically Sequoia do not need to put out a change in substantial holdings as they already have put out an announcement to say that they are no longer a substantial holder. However, BUD should put out an announcement and mention this as they have referred to this seller putting pressure on the share price. It is confirmed though that Sequoia have zero holdings as their broker has just completed the sale for them today for all remaining holdings as a SP order which was taken up readily through BP. At 2.5 cents this is a reasonable price and completely normal and one could assume that sales went okay over the weekend otherwise this would have been at a far lower price. Sequoia wanted out regardless of how well BUD was doing. Another case of once the board room decision is made it is rarely reversed even though BUD is doing much better now than when Sequoia made the decision to exit. Bet Dave is much happier now!
BUD Price at posting:
2.6¢ Sentiment: Buy Disclosure: Held
