Copulos didn't take any Utilico stock, he wasn't around then -...

Copulos didn't take any Utilico stock, he wasn't around then - look at the announcements from when he went substantial - all his stock was purchased on market save for the share taken in the $500k raising that Red Leaf did at .85c (announced 02.12.15).

The Utilico crossing day (197M shares) was 25 September 2015 but then if you look to the initial substantial holder notice for C Group (03.12.15) it lists that:-

1. Eyeon commenced buying 9 November, $304k for 31.76M shares - approx .95c/share

2. Citywest commenced buying 9 November, $448k for 42.64M shares - approx 1.05c/share

3. Spacetime bought on 30 November, $150k for 17.64M shares - approx .85c/share (this obviously being the raise stock announced on 2 December)

4. Supermax bought on 10 November, $66k for 6M - approx 1.1c/share

All the commencement of purchase dates were sometime after the Utilico crossing.

Noting Spacetime took the .85c stock and the notice to market on the raising references that not just Cop Group were part of the raise, some of that stock could have gone elsewhere to other red leaf affiliated investors/clients.

TenX was all over the historical top 20/100 comparisons, he's posted previously about the takers of the Utilico stock and who has sold and continues to hold (without naming names).

The Utilico stock went to a number of different investors not including any of the C Group entities and, notably as the chat on HC around the time was speculating, there was never a follow up initial substantial holder notice or change to substantial holder, which at the time I opined (seemingly correctly) that the Utilico crossing was a wide spread across multiple holders and did not give rise to anyone becoming substantial (who otherwise was not) or to a change to a substantial holder's holding sufficient to trigger a report to market.

Hope this clarifies SBF?

Re: your comment about the price spikes on majors leaving, if not for Utilico when TAP was taken out the stock could have kept running, it quadrupled (with reference to the price TAP were taken out at) very quickly and there were some good volume days, until Utilico starting selling massively into the volume.

It then took a very long period for the broker to, so to speak, broker the deal to take Utilico out after that, which kept the price depressed for such a long period - those were the days when there were 5 and 10M sell orders at each pip on the right, so it just had no chance of going anywhere until Utilico were completely taken.