It's unclear what has happened here. Another interesting thing to note is the sale of one of the MCG (Murray Goldburn) businesses to an unnknwn party. Below is from the recent ann from MCG. Would TB8 be involved (as a pure speculation)?
"Sale of Kiewa Country brand and equipment MG is pleased to announce that it has entered into agreements to sell the Kiewa Country brand and certain associated assets to a local business that is expected to recommence local manufacture in the future. The commercial terms of the transaction are confidential."
Are we the local business?
Other scenario that might have occurred:
1. There is a decision (yet to be announced) to distribute the first dividend
2. TB8 indeed invests heavily and due to the cash outflow for div. needs some extra cash (I know it does not make sense but maybe they do want to please investors with the money handouts - some of the top shareholders may not be happy with they current ROI)
3. New investors got easily convinced to buy higher than the SP, as the div and investment yet to be announced will get their shares easily above 20c as the plans are revealed.
Wishful thinking?
Ann: Completion of Share Placement, page-18
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