July 23, 2015:Guvera shareholder offloads millions of shares but the service is getting a “large cash injection” soon

Guvera shareholder offloads millions of shares but the service is getting a “large cash injection” soon

We can’t say that mUmBRELLA pops up on our RSS feed too often but it has a very intriguing story about Australian music service Guvera. It reports that a major (but anonymous) shareholder in the service has taken out an ad in the Australia Financial Review (in the print edition – “old-skool”) to offload batches of 5m shares. It is suggested that this shareholder has a 10% stake in the company. This has sparked the inevitable rumours that the service is in trouble and the unnamed investor is getting out while the getting is still good.

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