Ann: DBA: Change in substantial holding in GXY - , page-4

re: Ann: DBA: Change in substantial holding i... "have they take up their rights or not?"

That's a good question? According to GXY's announcement of 29 July DBA have:

"Deutsche Bank A.G, Sydney Branch has advised Galaxy it will commit to maintaining its position by subscribing for its circa 7.8% share of the Entitlement Offer and shortfall placement."
http://hotcopper.com.au/announcements.asp?id=583937

The notice they are retracting (8/14/2013) says DBA has 7.68% It also has the trades on it?

http://hotcopper.com.au/announcements.asp?id=589814

So what is DBA's holding? If they have not done what GXY reported to the market on 29 July, isn't that a bit misleading?

I also suggest taking a close look at the trades on the DBA's substantial shareholder notice of 8/14/2013 which date back to 27/02/2013. To me that looks very much like a down ramping capitulation strategy deployed on GXY ever since they got their shares via the $20m placement?