Hi Oily,
re: Opes Prime
Overhand removed
"There was a bit of difference in that of the 1.4 million shares controlled by the Opes Prime liquidators and so kindly offered up for sale, 1 million had previously belonged to Proto's chairman, Andrew Mortimer.
To get rid of the damaging effects of the overhang, the good chairman bought 1 million shares back from the liquidators while the remainder were picked up by others. In the chairman's case, it was a show of support for the company's prospects, albeit with the same shares."
http://business.smh.com.au/business/fabulously-rich-on-just-a-whiff-of-oil-20080615-2qxf.html?page=3
JB
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