Ann: Application for quotation of securities - ARU, page-7

I see this as only positive, so disagree with previous two posts, but also agree in the logic of your post.

Think if it were your money; Would you place (in this case circa $50k) into a stock that was to fail? Some may argue that individually it is not much money, but I have yet met a person that throws away money.

The key here is, in many respects they cannot sell the stock, because if they do, they have to disclose, and if we see a notice in the coming days or weeks, because they are taking advantage of the 12c arbitrage then it would reflect poorly. Anyone in management that sold now, would not go down well with their colleagues who are promoting the company in readiness for offtake announcements and funding.

Therefore this money is trapped in the market until there is an announcement, a run up in share price, and they can offer a reasonable reason for selling. In turn, I suspect they believe in ARU.

Just another way of thinking about it guys…