Ann: Extension to Closing Date of Non-Renounceable Issue, page-43

The dynamics created by the CR and the date extension have been interesting. I believe in the ALK story and intended to take up my entitlement. But when there was a time extension and a sell down, I performed a quick calculation and determined that I would be better off spending the funds I had reserved for my entitlement to buy on market if the price dipped to .535

Therefore I put in my bid to see if someone would sell at that level.

Unfortunately the price never went that low, so I cancelled my bid and submitted my BPAY for my entitlement. I am guessing that others may have done the same thing.

I am hoping that in the next day or so the share price will once again resume its upward path.