Thanks Reiner, AngersQuakie I am aware of that of course. The...

Thanks Reiner, Angers

Quakie I am aware of that of course. The numbers are very high though. This year we have turned over almost the entire number on issue and most of that has happened in the past 2 months or so.

If we don't have any sub. holder notices in that time then it can't be instos. That just leaves retail investors and traders. The numbers are too high to just say that we are falling because of retail investors.

If it is just retail investors bailing and people shorting then obviously the instos are quite happy to hold.

From what I can gather, albeit with pretty poor data, this means it is not large holders exiting but rather people shorting, trading and maybe some retail panic.

Happy for people to pull apart my logic here. I'm just trying to understand.