Correction : 900 millions were not bought up but just TRADED. Means; broker could borrow shares from Porter, perform buy/sell from one account to another and can bring up volume & increased price in any stock. Funny thing is that we all know that it's illegal but brokers somehow managed to act in such way and not getting caught. Saw such action with numbers of stocks but ASIC & ASX never took any action against them.
If it was bought up then why no sub holder notice yet ????
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- Ann: Notice of change of interests of substantial holder
Ann: Notice of change of interests of substantial holder, page-38
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