Just got a hold of the latest Top 20 shareholders list from management. Quite encouraging to see that none of the top 20 shareholders have reduced their holdings between March and now (the only notable adjustment was a change in nominee account for one of the top holders, which led to a UBS nominee account announcement).
From the looks of it, the Top shareholders are in the company till the end game. Quite encouraging considering some of the positions are very sizable.
What is also very interesting is that there are 838 shareholders now, versus 832 on March 29. So position building by new shareholders hasn't really started yet . Hopefully the initial announcements (visual confirmation?) will bring new shareholders to the roster.
AXT Price at posting:
11.0¢ Sentiment: None Disclosure: Held