Ann: Notice of General Meeting/Proxy Form, page-18

Let’s say that Simon Tilley and Stan Kolenc have sold out in one line. As substantial holders they will need to lodge a Subs holder change notice within 2 days. I think from memory, their buy-in is likely to have been less that 8.00 cents, so they get their money back.
The course of sales started with the 32.6m (representing just under 20%- I have not checked the numbers) at 8 cents. Then all sales since were at less than 8.00 cents. The trade was processed through in one line, not multiple transactions.
The Notice of Shareholder Meeting signalled that they Messrs Tilley and Kolenc intend (or intended) to be directors for a year or two.
So who are the sellers and who the buyer? What are their intentions?
Is it a party wanting the customers and the tax losses? Has to be in the same industry?