If you look at the initial November selling prices and then the later December purchase prices, you will see that perpetual made quite a lot of profit out of the trades and the end result is that they now hold a 5% stake at a significantly reduced cost.
If I was a perpetual holder I would be happy with the recent transactions purely from their viewpoint
It hasn't unfortunately done much for ten holders as we can't seem to clear from the low to mid $1.40's
John.
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