Ann: Trading Halt, page-25

I remember being involved in a previous takeover where Macquarie kept buying shares only to then transfer them to one party in a bidding war. Clear as day. It’s Not technically allowed to purchase shares on market at under a bid price but it was clearly happening. Sometimes when there are related parties it is kept pretty opaque. Similar thing occurred with some Australian takeovers recently where one party buys a chunk (up to the 20% takeover limit )and similarly another party buys a chunk ( to the 20% limit ) and then out of nowhere 1 party agrees to sell there shares to the other party so they have close to 40% without too much trouble it’s a much easier step then to succeed with a takeover from there. They try to mask it but it’s pretty obvious it was a stray all along. Not sure what is happening here but when there is money ito be made there can be some pretty dodgey practices. GLTAHs