top 40 holders report 2 july 2012

Overall Top 40 is down by 6% or 6.4M shares compared to last month. HSBC & Perpetual sold down 8.4M shares combined compared to last month. Looks like a few retail holders taking capital loss in June. The overall trend also shows the shuffling that is going on between accounts by the Big boys. Last conversation I had with Jason a few months ago he reckons that Socius has not sold down any of their 13% stake. So beats me why were down 90% compared to the Share Price High of 88 cents back in Jan 2011. One can only assume their shuffling between accounts, taking advantage of any market weakness.