Thanks. I guess not but I have a lot of respect for your posts. You look very deeply and don't hang around waiting for a happy ending like me so I wondered if you had a theory. Thanks for your reply.
When I looked back in mid May the state of Subs was
"Lanes End 7.35% , MVT 14.5% (13.5m) and Paradise 9.4% (8.7m) plus the directors. Peter Richie should still be holding around 5% (4.7m) and Richard Bell still should have 19.5% (18.4m) - that's just over 55%."
Since then Lanes End went to 8.98m (9.67%) on June 28, MVT/Sandon increased to 18.45m (19.9%) on 27 May. There have been no Subs ceasing so I figure the 6m @$0.055 sell is Lanes End if the bid is real. So that takes the subs to about 59%
Someone seems to really want the Franking Credits. I always assumed Sandon wanted the FC but if they picked up all 450k today in their own name that tips them over the 20% takeover threshold. Goes ex tomorrow.
REF Price at posting:
5.4¢ Sentiment: Hold Disclosure: Held
