D&D were told when they bought GlobalX that they couldn't own PXA. Proud knew this before bidding for LNK. He is definitely using LNK as a stalking horse for PXA.
Proud's shown his weak hand by increasing his farcical bid of $4.30 to $4.57.
I find it interesting that LNK hasn't sought to clarify the commentary of Ayesha in the AFR yesterday were she stated that D&D has agreed to sell the BCM unit for $0.13 to LC.
LNK Price at posting:
$4.02 Sentiment: Buy Disclosure: Held