According to the 3B, only 70.7% of shares were reinvested, which...

According to the 3B, only 70.7% of shares were reinvested, which means the majority of holders outside of our CEO took the cash (given he controls well over 60%, the uptake for the DRP was only about 1/4 of shares not controlled by Mr Shen) well, I took the DRP through the fund I manage, though through carelessness, my personal holdings were left to receive the cash because I erroneously believed I had submitted the DRP form, so a little over 60% of the stock I control was DRP'd.

Gustie, I am unsure why you would be so keen to buy Mr Falconer's shares if you took the dividend in the form of cash, you said you were keen to buy his holding at 18c, why not take up the DRP at 18.9c if you believe in the story?

I remain hopeful that the bid will fall over and we will be given time to see the underlying value of the Phase 4 developments to be reflected in earnings (and eventually in Share Price). All the best to fellow holders - Eternalgrowth