Ann: Acquisition Presentation, page-27

It all depends really - always different scenarios.

- The off screen selling and buying at 6.8c for the past Month would tell you that a CR of some sort was coming and it was going to be around that price. Insiders bought at that price because they couldn't afford to let the SP drop. They had to keep it propped up. The seller did not want to accept anything below 6.8c even though there was not much buying depth at the time and they effectively had to buy at the price so the VWAP wasn't affected.


My opinion here is they want the SP to remain high because of the current CR and a possible future one for Bluff. Knowing they may have to dilute further and prefer it's at a higher SP so they can discount back off a VWAP.

Let's be honest. There's $35k worth of shares back to 7c here.

Potential here is massive though so in the long run it's not a big deal if you ask me.