It's either an arranged sale with each of the founders putting up 20.7m shares, the combination of which would be close to 2.5% of thesharesof the company OR a singletrade that went through for 20.7m and then got moved/transferred again 7 minutes later.
On the basis of nothing I am going with the founders agreeing a joint and publicly defensible sale to an institution or another major company as part of a major step in the commercial development of our company. My guess is it is accompanied by an announcement on Monday welcoming entry to ASX300. My ferventhope is that something else is also announced. These are guesses and wishes, nothing more.
GLTAH
Where did the 41 million shares come from?, page-7
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Mkt cap ! $371.1M | |||
| Open | High | Low | Value | Volume |
| 19.5¢ | 20.5¢ | 19.5¢ | $656.1K | 3.281M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 16 | 364081 | 20.0¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 20.5¢ | 1348618 | 18 |
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