Danka Business Systems Plc (fka DANKY)

[Vegas5-0]

I could be completely wrong on this, but I'll put my thoughts out there.

Is it possible that his 4M shares were debentures that he bought and, like everyone else, had to convert them yesterday?
I just can't see any other reason for him to sell that many yesterday when he could have gotten a better price in the days prior.

I read the filing this morning the same: he still has 4.9M shares.

The 13g filed this afternoon could just be a legal necessity because his share ownership is still more than 5%, and a 13g is required to report his current ownership. Or the 13g was filed simply because there was a name change reported as well.

I'm just thinking out loud here... not saying any of my ramblings make sense :)