substantial shareholder

Wilson Asset Management has issued a notice that it holds 6.83% of shares in MUL.

The more cynical posters probably will assume that WAM has invested in MUL so they can reduce their CGT, but could it be that Geoff Wilson actually thinks that this company has potential?

Let's face it, it is a bull**** little speccy company (like all little speccy companies are), but if their grand plans turn out as planned, the return could be a multiple of the current share price.