1. LBT CORP PTY LTD 279,358,358 4.88 - we know who they are - Insto
2. VOLCAN AUSTRALIA CORPORATION 236,718,750 4.13 - we know who they are - Feldmans
3. FIRST STATE PTY LIMITED 232,731,081 4.06 - I think they're also the Feldmans ?
4. TRANSGLOBAL CAPITAL PTY LTD 146,934,652 2.57 - Possibly Feldman-related - Anyone confirm ?
5. 020428 PTY LTD 85,000,000 1.48. - No Idea - Anyone got a clue ?
Imo, if it's Volcan selling, there are two choices as to why.
1. To repay part of the $1.2m they owe the books for many years (yeah sure)
2. Trying to escape with scraps before the authorities come knocking
If it's (also) First State, and IF it's a Feldman entitity, see No.2 above
Look, the bones of a potentially great business are there, but there are never any significant business updates to the market.
All we see is CR after needless CR, wheeling&dealing with non-essential entities to continuously dilute shareholders, attempting to issue further shares to each other (still no update on the 70m shares award attempt to agmpl) and cannot even have a simple order of Canntab pills completed over a year after that deal was made.
Speaking of the 70m shares - that might be cause for a separate thread because what was announced to the market doesn't appear to have been disclosed in full which breaks the Listing Regulations of Non-Disclosure.
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