Zeds - its obvious though downsides broker stats that M & G have been buying on market in recent weeks and have pushed the price as high as $3.79 ( still cheaper than the $32m worth at $4 ) if as Stephen has alluded its Azure converting then your assumption would appear to be correct Azure convert then sell them off market to M & G for a win win price obviously $3.50 or higher.
Thread title is even more valid as its shows IMO that M & G are looking to get to 19.9% .
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