Ann: Registration of Scheme Booklet, page-67

hi @rickii78 yes I did because someone was most likely accumulating in recent times based on the trading and price. Many on this thread were of that view. And no, this has not been done for shorting but because they expect it to go up. If they sell their current holdings at $1.90 in the SOA they will make at best around AUD$150K before tax but have spent about AUD$40M to do it. So I don't think they are in this for the 1c to 0.05c arbitrage. Maybe they were but very unlikely given the numbers. They believe there will be an increase bid IMO, perhaps they are acting for someone else, but I really don't know. Just my gut feeling. Next week will be interesting.