14 749 947 shares on Merkur now, i.e up 536 313 since February 8th.
What is interesting is how few of the increased OS that has found it's way to Merkur the past few months;
November 11th = 14 121 167 of 28 665 573 OS (i.e 49.3%)
January 30th = 14 225 106 of 29 896 875 (i.e 47.6%)
Today = 14 749 947 of 31 581 604 (i.e 46.7%).
So Merkur's stake has decreased the past 3 months. Is this an indication that not much of the past increase in OS has been dumped?
Since November 11th Merkur has gotten 628 780 of the 2 916 031 increase in OS, i.e 21.6%. That is 800k shares less then expected. The explanation could be that collateral shares were sold, but that D'Alessandro bought these and hence there were fewer shares to transfer to Merkur. However, from the 1 684 729 increase since January 30th only 524 841 has found it's way to Merkur, i.e 31.1%. Still way lower than what happened all year 2017.
Do we KNOW that all collateral shares are issued ONLY on OTC? If they are issued equally between Merkur and OTC then that would explain the heavy increase on Merkur in 2017, but then we have to explain why this hasn't happened late 2017 and in 2018... (if this was true only for 2018 and not 201y7 then it could back-up RDs speculation of convertion of a-shares, if Solomon only has his shares on OTC that is).
AI
