Ann: Quarterly Activities Report, page-136

SJ, i guess it depends on your definition of accumulation.
'Accumulation' as generally used, is considered to be regular on market purchases over a protracted period of time. I think you will find that the vast bulk of what you had listed above was via placements, conversions, and rights issues, so not the classical on market accumulation by any means. Of the trickle of volume over the last month of two, I would guess that at least half of it has been by the regulars of this forum. It appears that any attempt to cap share price has not been for the purpose of on market accumulation, but rather to hold price low for a future placement. No other logical reason comes to mind.

I agree that this all points to one of two outcomes for Aahana. Maximum holding for minimum price to either get set for TO near term, or get cash flowing and flip at a later stage. It's very frustrating for those that are set at a higher price and want to see things turn green asap, however presents opportunity for new holders or those that are still adding.

Personally I have little doubt that this project will be developed. My fear is how much more Cokal will 'gift' away before we get there.
To date, it has certainly hasn't been pretty. Now every time a drive past a Mitsubishi Magna I get hit will a waive of uncontrollable nausea for some reason.

So closet to the pin .... what additional percentage of the project/company will Aahana get their mitts on as part of the funding package?