Woll, TBH I don't know.
My best guess is that the 111m share transaction was the tail end of a sell down... as in holder "X" sold on market to a predetermined point in time (3.30pm on the day the CR shares were issued) and then had a handshake agreement with holder "Y" to offload the balance in a block trade on pre agreed terms (% discount to VWAP over an agreed period of time).
But I emphasize it's a guess.
(I do have one other theory that involves the CR, but I'm not going to give that one oxygen on here because I am praying that it's not right)
Volume, page-37
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Last
0.4¢ |
Change
0.000(0.00%) |
Mkt cap ! $16.81M | |||
| Open | High | Low | Value | Volume |
| 0.3¢ | 0.4¢ | 0.3¢ | $5.305K | 1.512M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 129 | 93163388 | 0.3¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 0.4¢ | 50269224 | 51 |
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