And -- more generally, just as I said this morning, early on -- it has looked for a few days like the institutions were setting up several stabilized trades in Mattersight common stock, likely to help IGC exit at least some of its position. If this was mostly those sales, they are about half done -- needing to place about another 1.14 million shares.
Well, I will give the institutions credit -- they are figuring out how to exit the company, without unduly disrupting the market price.
It will be fascinating to see which institutions are picking up these sales -- and buying in -- we will know soon (assuming one or more of them breaches the 5 percent of Mattersight's outstandings, as a threshhold for SEC reporting) under the Section 13 rules. Prior to the latest selling, IGC held over 14 percent of all the common outstanding.
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