I have some thoughts on what you picked up Fox.Assuming LG has...

I have some thoughts on what you picked up Fox.

Assuming LG has to report every 1% increment, it’s quite possible that from 21-23 March they didn’t get 1%. Then on the 26th including the weekend they received more acceptances that took them over 1%.

It is also possible given that Weiss was last reported to be sitting at 6.5% (on March 20) that they could have accepted some of the LG shares whilst still staying above 5% and not alerting us to any sell down.

Weiss could offload approx 40m shares under such a scenario. Throw in the 55m director options being accepted and you have 95m shares folded into the offer. LG claimed to have picked up another 124m shares as of 26th March. Weiss has probably also gobbled up more shares in the interim.

Interesting Centaurus held 5.8% as of March 22 which was almost 157m shares worth. They could have sold the 21m shares at 1.8 cents yesterday and been left with 136m shares, which would also keep them just above the 5% threshold.

LG, Weiss & Centaurus are all better than us at these situations and it’s a pity that some Change in Substantial Shareholding notices can take several days to eventuate before we really know what is going on, especially at such a late stage of the LG offer.

Keep sharing your observations and insights Fox as they are much appreciated and well done on picking up what happened on March 19.