offer a valid and consistent explanation for the BOTA sell down by HH.
They have had a clear change in guidelines and direction, from major (often controlling) holders with occasionally activist involvement to passive holders with a maximum limit of 3% holding of any company's stock.
They have sold down to that level in BOTA.
They have even sold down stellar performers like Sirtex, although they are making an exception to the 3% limit for them.
As I said, if it has helped the liquidity and hasn't hurt the share price, then fine. Just seems weird strategy.
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