Good questions Jake0002, and in my opinion you've got the right attitude. I would think that Macquarie (and related entities) would still have to follow the ASX rules with regards notification if they reach and thereafter exceed the 5% threshold. Likewise this is a minnow of a takeover for them, so they would not be interested in misbehaving (any more than the Scheme of Arrangement legally allows them to).
Suspect the current selling is those in the green are selling out (in case it falls over) and punters are jumping in for a quick buck if the CVN's amount to anything.
The CPSA is looking into all these scenarios and more. If anyone wants to help it would be worthwhile getting info on any company or minority shareholding group who has gone up against Macquarie (or a similar investment bank) in the past. Whether they have won or lost the key players could probably provide good suggestions all the same.
CTP Price at posting:
20.0¢ Sentiment: Hold Disclosure: Held
