RE: AIM notification TR126 May 2020 14:40
Wassa
with regards JPM, the below may well be the case.....from a long term holder called Craigiboy.....as part of my research, i also took a look at what peeps say on this BB.
Hi all for what its worth, I made this comment below on the 19th March. Having been a holder for over 6 years I have watched how this share trades every day and learnt the signs. Despite this I have not traded in this stock but have accumulated a large investment holding over that period. For the reasons stated below I would be quite surprised if we see another RNS on major holdings as the JPM sell off likely started soon after the Orion deal and in my view the vast majority of their holding has been absorbed a long time ago, the recent flurry has hoovered up the rest and on completion of the sale process they have announced.
This potentially gives HZM a very clean sheet to announce any progress on financing in the future without suffering a major holder selling down into that rise as we have seen many times with RG, CF and now JPM.
March 19th
"I have been watching volumes of buys/sells closely since the announcement of the Orion deal and the long subsequent decline in SP since then. I look at the balance and sequence of trades throughout each day, every day,with a large holding its become a habit.
We know RG is out by now as he was below 3% in January, but its odds on that there has been another major seller since then. The patterns of trading, the major buys that dont move the price, the regular systematic selling -it all smells of a very large stock overhang, prepared to sell right down to these below/at cash value levels- that smacks of an institution desperate to get out and get out quite quickly, as per previous distressed seller City Finance
At some point this will be clear to us who it is, then we can have some confidence that we can make some progress.
HZM it seems may fair much better without institutional shareholder as they have been the major drag on SP."
All IMHO of course.