"I am no rocket scientist, but AEF cease to be a substantial holder on the same day there is a trading halt to inform us there is a share purchase plan, then they become a substantial holder again at the 5.5c per share. Does this not sound underhanded?
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If i am missing something?"
Well yes, if you read their ceasing to be a holder ann it states it is because of the extra shares issued in the spp. Their holding in the ann is 25,551,534, which is exactly the same as they announced on the 24th July. So they never sold a single share before the placement.
Ann: Becoming a Substantial Holder from AEF, page-17
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