one million share buyers have moved up, page-6

I assume Australian law still applies to this stock?



Section 606 (Prohibitions) of the
Corporations Act 2001 :

---------------------------------------------------------
"A person must not acquire a relevant interest in issued
voting shares in a company if:



(c) because of the transaction, that person's or someone
else's voting power in the company increases:

(i) from 20% or below to more than 20%; or
(ii) from a starting point that is above 20% and below 90%.

However, the person may acquire the relevant interest under one
of the exceptions set out in section 611 without contravening
this subsection. "

Section 611 then proceeds to list those exceptions noted at
the time we were discussing this, eg 3% every 6 months, DRP,
conversion of preference shares, etc, But significantly :

611.1 An acquisition that results from the acceptance of an
offer under a takeover bid."