Arena obviously wanted to secure more shares at the lowest price possible and they're trying to do it as calmly as possible.
They cant dump at this level with this volume with out a good pump they will slaughter the share price and lose out like everyone is saying pump and dump but i dont reckon.
Their safety is holding half the the CNs and converting them as mus continues to tick boxes for them.
Same as us buying more as the share price rose with our perception of derisking announcements. What theyve done is converted some and then converted some more with the last derisking ann, but they need to see more from the company before they convert more and so do we frankly.
They will convert more as mus announce more.
More like a pump and convert.
They're not dumping.
They're investing.
Ann: Appendix 3B, page-13
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