3% creep rule

FYI there will be no compulsory takeover.
According to corporation act S611 E9:

	Column 1	Column 2
0	Manner of acquisition
1		3% creep in 6 months
2	9	An acquisition by a person if: (a) throughout the 6 months before the acquisition that person, or any other person, has had voting power in the company of at least 19%; and (b) as a result of the acquisition, none of the persons referred to in paragraph (a) would have voting power in the company more than 3 percentage points higher than they had 6 months before the acquisition.

At Feb 22 they had 54.39% then got diluted to 52.22% because of the 8mill stock that was issued. Now they are at 57.21%
So basically they just crept under the 3% rule.

Thats not to say this wont keep running higher. I still hold.