NOX 1.52% 6.7¢ noxopharm limited

This is crazy, page-9

  1. 912 Posts.
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    I think this is one or more of the three players who are getting their loans converted to shares who are selling down their current shareholding.

    I don't think its Bart given he's a Director (and it would be a bad look) so its one of the other two.

    I noticed one of their names in a sell-down of NYR stock recently through a change in sub notice....that would explain 3m

    Link Traders...might need abit of cash too

    It's a strange decision really - if you're a major shareholder in a stock which is not liquid, why would you drive down the price like this?

    Everyone has their reasons for cashing out I guess....

    Given the conversions are being done at around 51c you would the selling won't drive it down much further than here...unless its being shorted as well

    All IMO
 
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