RE:RE:RE:RE:RE:RE:RE:RE:More garbage selling...What it does is increase liquidity in the stock because one major holder is less likely to sell as many shares and as often as a number of shareholders, each acting in their own best interest. Near term, likely causes volatility (which we are seeing) but long term, fund managers steer clear of illiquid stocks. They need marketable securities to trade easily on the exchanges. Therefore, I think it is probably a good thing for average shareholders.
Lastly, and this is just my own opinion, large shareholder groups, holding a large percentage of the common stock, usually makes for easier takeover bids and often at a lower price. The acquirer can negotiatie with one entity, and given their large position, they are willing to consider lower bids, and make a deal which most often sways enough of the other major shareholders to side with them. A more decentralized stock means for a more difficult take over proposiiton but often, at a higher buyout price.