so that is 5.9 million AAURB Rights that have been sold on market (this morning I believe having seen the entire BUY side of market depth get taken out)
However, Brian himself has 70 million shares x 25% = 17,500,000 AAURB as an allocation.
In the original announcement he mentioned an intention to take up 6 million Rights ($390K money in)
So doesn't that mean there will be another 11.5 million rights he'll be looking to offload / on sell ?
Each to their own, but I wouldn't be chasing the AAURB price in market depth seeing that these have a hard expiry date of the 18th of May.
Ann: Ineligible Shareholders Update, page-2
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