Ann: Quarterly Activities Report, page-155

I am well aware of your prediction of timing. I am not expecting the finance deal just yet. I have been talking to my Indonesian contacts. Things are buzzing in Jakarta but greed is holding up the cash flow for Aahana. Being too clever is working to their detriment unless they launch a full takeover bid.
Entry level into Top 20 is above 7 million shares. 4 of the Top 20 are Cokal executives or former executives. They have not increased or decreased holdings in 5 years and they will not be doing so before any deal or takeover.
Other top 20 have as many as they want. 15 to 30 million.
You will not get an accumulation cue from them.
Unidentified new entrants in Top 20 are the ones adding every week in a gradual and controlled manner.