SYA's float: what will be done, and when?, page-44

Yeah I reckon you are spot on there . And it had been mentioned before of the importance of getting your average holding balances UP , your Top 20 percentage holding balance UP , as well as your absolute number of shareholders UP as was compared to the registers of RIO and FMG. Its a transformation that almost has to take place as a company Grows .....and the interest in the company grows with it.

Interesting that another measure in those calculations should also be the number of shareholders who are holding an unmarketable parcels of average holdings.

So I believe LPD was reference as a relevant comparison to SOI , with the obvious differences being that they only have only a relatively low percentage of 26.67% being held by its Top 20 with 2,603 shareholders of its total 11,511 or 22.6% of its entire register holding an ' unmarketable ' parcel of shares.

And this compares to Sayona's report at 10th September which showed 44.75% was held tightly by the Top 20 as well as having 20,042 shareholders with only 2.6% or 511 holders holding an unmarketable parcel of shares.

So if anyone is in more need of a register consolidation , it would be LPD and NOT Sayona at the present moment . But even a consolidation for LPD would be dangerous with such a low Top 20 holding balance. All in my opinion.