Ann: Change in substantial holding - amended, page-2

So, it looks like Colin is buying MXR on market - this would indicate that he is confident that the merger will proceed. Not bad work if you can get it, place the shares to AAR at the equivalent of $0.07 per share and then buy them back on market at $0.06 in expectation that you will again be able to place them to AAR under the takeover at $0.07 equivalent.