Ann: Change in substantial holding (Stuart), page-7

Could be a few reasons.. it makes no sense why you’d continue to participate in placements when clearly the company is struggling to unlock that shareholder value it keeps beating the drum too..

However 708’s get discounts, and 200k might be chump change when you like to keep a larger than most controlling stake in a company.. ego could be a big player here or a tax right off etc.. or it could simply be that those shares were flushed and they reloaded at a discount ready for the rinse repeat..

Another speculation is they are have some sort of relationship with a director, and by having circa 7% voting power in the back corner, it makes 249d action quite difficult..

Again, could be any number of reasons..