According to the ownership list, few would be able to dump approximately 3.5 M shares by noon today.
Now it ended and returned to the anti-price. These are not new shares but old ones. The trading volumes of new shares are small, a couple of tens of thousands. The guarantors probably do not even have new shares yet, let alone anti-shares registered as old.
Other guarantors are not known to have had ownership, except for HCM. There might be someone else hidden in the nominee register. Has anyone kept track of shares converted for HCM? Faron has probably repaid the loan with 8 MEUR, at least once with cash. HCM has not exceeded the 5% flagging limit, yet. However, it will likely get rid of them and not remain an owner to speculate on the ownership stake.
According to Faron’s timeline estimate, new shares will enter the market on April 15. There are still a couple of trading days to sell for those who a) had old ownership b) received a guarantee fee, meaning that with some math it is worth selling at least some of them at a price above 38 c. And to sell before the shares of other guarantors flood the market. Those who subscribed at 50 c without compensation would not make sense to sell below that. The trading of new temporary shares is so small that a large quantity cannot be sold without collapsing the price. So the suspicion of today’s sale is directed at HCM, or are there other theories? It also doesn’t make sense for HCM to sell its shares, which were converted at a higher price, only now and clearly cheaper.
Another interesting thing is, who has been able to absorb that quantity of shares. What is the share of mathematics and what is the share of psychology in these, no information.