The sickening thing in this is the Directors of Bullseye blatantly insider trading on the takeover approach.
"The Company notes that Options and Performance Rights currently outstanding in Bullseye were only issued to the directors of Bullseye in December 2017 after Red 5 made its approach to the Board of Bullseye."
Sad that it's virtually un-punishable by ASIC as they are unlisted, but I wouldn't be surprised of the other Bullseye shareholders sue the directors.
Ann: Intention to make Takeover Bid for Bullseye Mining Limited, page-17
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