Ann: Movements in WPG top 20 shareholders, page-35

Howdy mate. Berne 123 or whatever it is called is a Morgans nominee account (I used to deal with this entity when I was practising as a securities market lawyer). It is used for securities market transactions such as for underwriting or to facilitate rights issues. I think Morgans bought the stock off Pybar and will distribute it either to its clients or to another major holder. I don't think it makes any sense for Pybar to sell and then buy back unless it wants to crystallize a tax loss.