No way he cashed out at 50 plus c. OCP is not stupid.
If you read the deed document, the margin call is at 175% of the loan value. In fact he has to maintain share collateral value at 200% percent of the loan value.
This means the loan amount must have been 20c or less because share price was around 55c at May 2017.
Ann: Update on Shareholder Matters, page-15
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