xt trades, page-4

Lots of simultaneous cross trades may indicate someone transferring shares between entities rather than genuine independent trades. Often done for tax reasons as we approach the end of the fin year. Probably will be more of this as we approach the end of June as some shareholders crystallise their losses in order to offset other gains. Unfortunately in a stock like this it tends to lower the sp even more. Given that the trades were on market it would have taken some forethought to set up the buys before doing the sells if this is the case! Might get an inkling of who at the end of the month when the top 20 are published again.

Could even be in this case that someone has the thought that there might be some good news coming up before the eofy and wants to crystallise losses and get gains into another entity. However, that's probably less likely the way things are at the mo as no public inkling of short term good news.

How low can it go? Next Duchess issue at .004? Getting near the bottom limits!