possibly to get their hands on the 28mil in the bank
At 3c per share for the remaining 390mil shares is about 11.7 mil dollars....plus what they have already spent 1mil.......not a bad profit
OR
force the company to pay a dividend
Yes....interesting times ahead
OR maybe
Mr.Kagi is a director of HR Products.....and they are looking at getting their products produced in China....????? etc.
Ann: Change in substantial holding - Redbrook Nominees, page-5
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