I agree with ocker, not sure if much positive could have happened but perhaps just the fact that losses contained and maybe continuing NPAT is a little better than forecast?
ANZ paid 1c per share so they prob exercised now knowing if a heavily discounted CR happens they can participate, it is a win win for them either way.
I don't see CR coming here, usually says when this is the case so it is a question of was the selling from $1.95 to 95c from inside info? or was the bounce from 95c the inside info?
No real way to know but I would be backing good news.
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