See Kwang Hou Hung has offloaded 7 million shares and netted almost $3 million. Doesn't inspire a lot of confidence, although he has purchased another $120k of options. He will need $2.4 mill to exercise the 8 million options he now has, if he intends to that is. Some strange positioning happening, unless he reckons the options are worth the amount of the Essar bid, being 20c.