The presentation yesterday may give some hint as the actions of the seed investors.
The presentation mentioned "family office" investors. If the seeds are using a "family office" structure it may be that they are selling to their "family office" They may be selling to the next generation in their family and also soaking up the shares of day traders and the inpatient.
I have never held the view that these seeds were not aware of the potential of the company they helped establish. They may be in the process of acquiring the bulk of WBT spread over several generations of their family.
https://www.forbes.com/sites/russalanprince/2013/05/22/what-is-a-family-office/#75886dab7708
https://en.wikipedia.org/wiki/Family_office
Todays meeting, page-37
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Last
$3.13 |
Change
0.400(14.7%) |
Mkt cap ! $594.3M | |||
| Open | High | Low | Value | Volume |
| $2.80 | $3.36 | $2.80 | $9.670M | 3.077M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 1 | 800 | $3.10 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $3.15 | 7386 | 4 |
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| Last trade - 16.10pm 12/11/2024 (20 minute delay) ? |
| WBT (ASX) Chart |