Quote from: jonitas on July 18, 2013, 12:25:45 AM

Quote from: Yogafan00000 on July 16, 2013, 02:42:30 PM

Not sure who or why, but somebody just bought up ~430BTC worth of SDICE on havelock. (1901 shares)

Somethings up?

I find that Havelock is now moraly obliged to make public who made this trade. This stinks!

Havelock will not disclose _who_ this trade was, and as far as I know, there was no insider knowledge used. It was, infact, as RationalSpeculator speculated:

Quote from: RationalSpeculator

I understand this looks bullish on havelock as such large buys are very rare indeed.

However, those were likely the same shares that were also on offer on mpex (190,000) last week for 0.0028 and got lowered a few days ago to 0.0025, then likely the one that had bid open for 300,000 shares at 0.0020 snatched them as his bid has been removed. Since on mpex there have been around 5 blocks of 1 million shares traded the past month this is not an exceptional large trade.

A user on havelock with significant holdings in SDICE contacted havelock to arrange a way to sell their shares on MPEX without crashing the price on havelock. I view this as a responsible move on their part. Havelock listed the sale on their behalf on MPEX, which stayed on the books for about a week before the seller agreed to lower the price, and it was finally filled on MPEX. Havelock then bought up the shares on Havelock (which the seller listed on the open orderbook), removing them from the total outstanding shares. If there was insider trading, it wouldn't have been on the havelock side... as the user that sold those shares would have profited much more if they had held them an extra few days for this announcement.

Total outstanding shares on Havelock is now: 12782
Shares in Havelock's MPEX account: S.DICE x 1`278`200