Ann: Change in substantial holding, page-35

I don't follow your reasoning on that comment. We all witnessed their selling get absolutely slaughtered. Their remaining holding is 14 months from hitting the market, and is a comparatively small proportion of their original holding. By the time they can sell, this stock will be multiples of where it is now.

I can also probably explain why they are selling. They got their holding by offering last resort finance before XTV went tits up. They got caught in the shell for 4 years having put in US$2.2m. If you look at the second creditors meeting report it's all there. They were caught in the shell for a long time. I don't think they even got their money back after selling this week. Any who, they are gone for now. Can't wait to see who has been buying. I reckon a big Chinese buyer.