RE:From weak hands to strong handsWaterton's holdings used to appear in the Investor Presentation, but no longer. Back on March 10th I posted that the Investor Presentation showed Waterton with about 5% or 14.8 million shares estimated. Note that figure wasn't as of March 10th, but somewhat prior.
I gotta think they've cut that. It is hard to guess. Let's say that figure was about six months ago, and not from exactly March 10th. Six months of around 20 days of trading per month have passed.
What has average volume been? 150,000 to 200,000 a day? Someone may know better, but I don't think they double count trades at both the bid and ask.
Was Waterton perhaps 40,000 of volume, or is that high/low?
120 trading days at 40,000 a day would slice 4.8 million off their 14.8 million estimated.
Whew, that's a wild guess, but I was hoping for a lot more reduction.
I hope someone can make the case that Waterton has sold a lot more.