Wow this is quite incredible. So on 16th January we were told...

Wow this is quite incredible.

So on 16th January we were told Magna holds 25.5 mil shares
Since 16th January (inclusive) till yesterday we have had 87.36 mil shares traded on asx - 15% of that is 13.1 mil shares.

So most sold through ASX - remainder went through Chi-x. They have persisted with their strategy irrespective of the SP behaviour

The selling pressure has been sustained through Magna. They dont sell through the lines (it has been confirmed) but always place bet on the market.

This is a very good development. Means we should see the back of these leaches very soon ( a big volume day should see them substantially sell off)

Thanks SJ