What do you guys make of this.....When it opened MRK went to 4c...

What do you guys make of this.....

When it opened MRK went to 4c quite quickly right... where it stayed for most of the day. It traded ~15m shares. It has a market cap ~ 396m which means that assuming those 15m shares were 100% sold down (ie no market trading at all)...then Day 1....at least 96.2% of the founding shareholders of MRK did not sell down.

I find this very interesting given that the founding shareholders were set at 0.5c and 1c according to the prospectus. They could have made 4 to 8 times their money if they sold shares Day 1... but still didnt sell...

Comments?