Ann: Appendix 4E and FY21 Financial Report, page-42

I have prepared here a list of top 20 option (CDYOA) holders comparing the holding with that published on April 1st as a consequence of the March 2021 capital raising.

Some of the levels held in April would not seem to be explained by the potential 1 option for every 5 shares then held. They might be explained by the supplementary offering of new shares where 1 option was provided for every 2 new shares purchased in that supplementary offer.

There is one substantial seller of options it seems. This appears to take place from a holding level that does not seem immediately obvious from the 1 for 5 previously held shares, nor from the current top 20 share holding list. The options may have come from the supplementary offer with the corresponding new shares, of abut 5 million, now having been sold down.

There have been some quite substantial acquisitions of CDYOA since April, including 7-figure amounts. The total options traded has been 8,827,258 of which the first trade was 6th April.

Food for reflective cogitations.

poorinvestor