This was 'hidden' at the back of yesterday's prospectus. I have added my comments.
1. 200m shares were issued but that does not mean that they are to be sold now.
2. 80m options were exercised by Linq and sold (as per yesterdays announcement)
3. 35m unlisted options were exercised. The only reasons anybody would exercise unlisted options is either to sell them or to avoid expiry. As expiry was 2013, it is safe to say that they were exercised to be sold. The big clue that this is the case is how the heads have been getting sold down but the options have not. By the way, there are only another 15m of these 4Feb2013 call options left.
In my opinion, much of yesterday's sells were from 2&3. Today's major sells are from 2 only and may almost have been completed. The 200m is an unknown and I certainly wouldn't be waiting to buy in the hope that they sell as the issue of 200m shares was not for the purpose so they could sell.
CCC Price at posting:
76.0¢ Sentiment: Buy Disclosure: Held
