Naive trader in these situations however, my observation is that Frank may be blocking a T/O and shorting up the shorts?
Has he got the shareholding to block?
Has he got other major shareholders onside to weather the storm and maybe accumulate?
Has he got Directors onside to dismiss T/O?
Interest Read on T/O rules
http://www.takeovers.gov.au/content...mmary_of_takeover_provisions_in_australia.htm
KKR PREPARES BID, page-33
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