Ann: Change in substantial holding from CAR, page-2

Carsales should just sell this stake and concentrate on the other overseas businesses where they have more control. Management clearly not committed to iCar anymore - have not participated in the last couple of raises, no board representation and almost omitted from presentations. If not going to buy at 18c with options then move on I say. iCar stake would be better off in another strategic investors hands anyway. I'm sure there are many suitors. Not sure what Carsales tactic is here?