Ann: Change in substantial holding, page-11

"it was unconscionable having to even be party to voting for their performance rights"

You could have voted no. It appears your wallet not your conscience has voted.

Could be UBS will vote your former shares. I reckon they'll vote their wallet too. And Alpine.

Be fascinating to see how they get better than 1.90 without breaching any laws. I suspect they'll make use of the period between the effective date and the record date to sell their shares to WES (off market) or they'll help a failure to get 75% (UBS plus Alpine gets half-way there) and then be available for a second higher offer. Best case I can think of is they may have deals with another bidder that doesn't want to bid over the lock-out provisions but wants them (and perhaps the directors removed) to have a crack of their own.

If they (UBS) are working with WES to get WES the votes will be fascinating to see how they can do that without breaking any laws.

UBS I believe get involved in shorting and probably were part of why the share price was down (with shorting) prior to the bid.