Big Holders SummaryIn early June 2011, we had an all time high total of 116 big holders of Cline, comprised of 34 Institutions, 78 mutual funds and 4 other big holders representing a total of +/- 67 mil. shares.
As of yesterday's closing, we now have a total of 114 big holders of Cline, comprised of 34 institutions, 76 mutual funds, 4 other big holders representing a total of +/- 66.7 mil. shares.
So in 3 weeks, we lost 2 mutual funds and a drop of +/- 300k shares.
This information alone obviously does not fully explain the massive drop in share price, but it does shed some light.
Personally, I think the Greek situation and the effect of the possible default on companies without earnings and fully exposed to the world economic recovery is not to be underestimated. I think once we get past this week with a positive result in Greece, things should stabilize and hopefully the share price should start to climb back closer to the recent PP price. GLTA