RE: DISTRESSED SELLER14 Feb 2025 15:42
At a guess it could be Rostra Holdings PTE selling off their entire holdings as they were holding around 480 mil, and if so they would have had to instruct the sell order at least a week ago as, there just hasn’t been the volume over the last few days to shift it - plus the SP has been drifting down for weeks
Why ? Margin call ? Distressed ? Conflict of future Interest ? Holding time allocation up ? Institutions are often no wiser than PI’s on AIM if it’s a margin call they have no choice whatever the odds of a massive positive swing, yes they could be in the know about something very negative that revealed itself a week ago, or likewise insiders needing to sell due to other upcoming events - it’s anyone guess
Should be a TR1 shortly - then weel know