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14:56
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Originally posted by williamteddy:
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I think it is just temporarily, hopefully in July, people will return after tax time. It's quiet market overall last few days. There is a big buy at 76 cents and now if someone wants to buy in, will have to be it at 80 cents (10k volume there). I still think someone keep try to sell down and put a buy at 77 cents and sell at 80 cents (just trading and accumulating), so most holders see through it and just ignore it.
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What about the creep rule? He will own the whole thing sooner or later. Most of the hard work has been done at 84c. Creeping acquisitions were introduced in the Companies (Acquisition of Shares) Act 1980 (Cth), which allowed an investor with at least a 19% shareholding in a company to acquire an additional 3% in each six-month period without making a takeover bid .
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