RE: RE: confusion I think Fonds selling had as much to do with BNC being below a set threshold more than anything.....that said, it is absolutely unthinkable that an investor, who happens to be a pension fund and holds 5% of the business, does not engage the company/CEO and make mention of this liquidation.....I am not a believer when the company states they didn't know this was coming....
I also believe that 6.5mil shares dumped on the open market which is gobbled up in short order speaks to a new well heeled investor stepping up and buying enmasse...perhaps with the fore-knowledge that 6.5mil shares were coming......I wouldn't doubt that the investor(s) may well be people or organizations that already know the business well....nobody piles on with a multi-million dollar market buy without some intel.
Of the people that can pull this off....we have the following:
1) Jack Cowin
2) Royal Capital
3) Wells/Gubitz
4) Medwell
I do not believe it is (3) or (4).....(3) would not have sent the nasty-gram and (4) would most certainly need to publicize a buy of that type. (1) is probably licking his wounds from the 1.5$ ASX fiasco.....which leaves Capital.....our lovely loan sharks......I can see how they would enjoy a 5% equity stake at all time low prices in a business that they already have strung out........could be that (3) knows this as well and got upset......never know....