re: stockdoc: underwriter finished selling? The underwriter took...

re: stockdoc: underwriter finished selling? The underwriter took up 168m shares and 84m options...

Since then, we have seen 286m shares and 163m options change hands, mostly over 2.5c, so I think it is safe to assume at this point, regardless of whether he has off-loaded them all or not, that the underwriter has managed to get his money back...plus substantial profits!

In any case, I suspect he has just about finished selling...and unless I am mistaken, I would not be surprised to discover that a "gentelmans agreement" exists in relation to the final sell-down of shares prior to the next round of good news.

May still see some short term volatility, but if you buy with a 1 - 2 year outlook, it's hard to see where you could go wrong

Cheers!