He put $240k into the rights issue a month ago, offset at that time by a sale of 205k shares for $135k. he's pulled another $153k out now.
So a net withdrawal of less than $50k in a holding worth over $3m. Almost all of that is in his SMSF and that's where the sale was. Who knows what other funding or assets the SMSF has - he may have a tax bill, meed to make a pension payment, want to take up an issue on another stock etc and with his SMSF at that size he has limited capacity to contribute further funds in frrom outside sources.
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