At the risk of sounding like a broken record and appearing to be...

At the risk of sounding like a broken record and appearing to be copying and pasting (like our mate JO), remember that C group DID NOT get any .28c stock from the Utilico take out - they bought all on market and were offered a small cap raise late last year, so they're not on 10bags but at rather double-quadruple their buy in price - maybe they only ever saw this as a decent short term trade?

Go and do some research on the guy - he likes to go all in, shake things up, make some quick dough then move on to the next thing. This is obviously his M.O. on tsn, whether it was the original strategy or not we may never know - perhaps it changed (they certainly didn't belt it when it touched 4c given the gradual decline back to where we are now - thanks in large part not to Cop but Kirke).

Sorry Dr D for hitting reply on your post in particular, just don't want people thinking C Group were looked after on this and are now causing us remaining shareholders short term pain, because they weren't and bought the vast majority of their holding on market like the rest of us.

Happy they're moving on if they don't like the long term and bigger picture here and excited by the prospect of yet more newbies coming on board (Insto and retail) and to existing holders grabbing some more affordable 2c stock here.