Ann: TOV: WHC Panel Receives Application, page-18

But future voting is definitely impacted, which affects my value decision as a shareholder. The 10% disclosure rule is there to protect other shareholders from exactly this sort of practice which used to be common. ie someone holding a trump card at the negotiating table that no-one else is aware of.

By buying derivates (if they did) they definitely have a greater interest in the company than just the shares currently held - which can affect future voting/ direction of the org - and therefore my investing decision. I expect the takeovers panel and ASIC will be obliged to investigate. Their response so far really just says ... it will be at their usual pace - tortoise warp speed.

This would all be funny it wasn't affecting the value of our investments by distracting management from doing their job (notwithstanding that it it may have inadvertently delivered us a better acquisition price).

Bell Rock claims to be operating in the interests of all shareholders (cite their note to shareholders). All I've seen so far is self interested short-termism.