Tomorrows SP, page-72

Of course you are correct. That's for pointing out the mistake. Baupost bought 1.2m shares at $3.46. So at $2.51, all but 1 of their parcels bought recently is underwater. That's more than 10% of their holding that's now underwater, or 1% of the company that they hold that they bought at a price which is now underwater. Sorry I'd mistakenly used the price that everyone bought in at the most recent capital raise, which was the $2.6. Of course these purchases are also underwater at $2.51. That's another 14.8m shares or just under 3% of the company held by insto's that at $2.51 is underwater. And still no selling announcements yet by those that are SH's to show they are concerned by the price they paid, the recent price movements, and are wanting to trade parcels of the stock.

It was fairview capital. They sold 11m of the 33m they held. They put out their SH notice on 27/6.