share buyback, page-5

I have no idea Rogues who is selling as well.

Numbers,
2nd biggest holder Biv

So to date gli/biv has 6 774 209 indago shares at a total price of $4 025 526.44

Total average price is 59.424 cents.

At 45 cents current share price that is a loss so can they be ruled out in this selling equation?

Indago directors are major holders of biv shares.

Not sure who is doing all the selling in reasonable size lumps.

Desertfox Pty Ltd 8,000,000 8.04%
Blue Capital Limited 6,474,209 6.51%
Mr David Davidson 3,840,000 6.86%
ANZ Nominees Limited 3,511,429 3.53%
HSBC Custody Nominees 3,107,872 3.13%
Gejaso Pte Limited 2,800,000 2.82%
Mr Paul John De Matteo 1,511,934 1.52%
Citicorp Nominees Pty Limited 1,318,260 1.33%
Unity Resources Group Pte 1,059,556 1.07%
Mr Ross Campbell Williams 1,000,000 1.01%
Siren Nominees Pty Ltd 1,000,000 1.01%

Is it just churn?
15% of the total number of shares have traded since relisting.

I have no idea..