Ann: Change in substantial holding, page-54

Interesting speculation on your part.

Very Macchiavellian.

Let me see if I got this straight.

1. The Chairman and controlling shareholder sells on market and raises cash for personal business reasons (whatever they happen to be).

2. SP drops heavily.

3. IG is still major /controlling shareholder but his % has dropped

4. Company then uses some of its cash to do a buy back to all shareholders on market, which results in fewer shares and everyone's % goes up.

5. What 'target" company would they know better than themselves?

5. Does IG's % go back to presold levels ? It may or may not but probably doesn't really matter as he is still controlling shareholder.

Sounds to me like eating your cake & having it too, in my book.

Don't know if
1. Legal.
2. Ethical or
3. Good for Shareholders OR
4. Passes the pub test

All is pure hypothetical speculation on my part.