At end of the day it's guess work whether any sub underwriters exist or not. Macq Bank in main underwriter, shares are delivered to them, they then transfer it through to sub underwrites (if any exist).
Macq Bank SI's could be underwriters and they could well be flipping for an easy 5%+ gain.
At the end of the day matters little who hell has the shares from my point of view. I have no trust in CFO and acting MD, and I am not convinced that all is now fixed and this is simply a blip. Crediblity needs serious building and that will take time.
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