also of late there has been activity in the AAUO buying on-market too, this site has an interesting history lesson on Options activity - https://paradigmpressroom.com/post/the-pre-9-11-financial-omen, it might be nothing but none the less it's interesting activity on the Options front none the less.
also on the 20% Take Over Offer threshhold, I suggest researching the 1% creep per 6 months (I think it's 1%) rule that allows for holding to exceed a hard 20% as long as it's gradual
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