State Street has only purchased 350K shares on market.All their...

State Street has only purchased 350K shares on market.
All their balance 11M share transactions have the notation " Transfer of title of securities to secure a securities loan from THE ING GROUP – Refer Part B" et al
Could be margin lending.
Does not appear any institutions subscribed to the CR
Now appears Barrenjoey duped sophisticated but opportunistic investors into subscribing to a heavily discounted placement only to find SP crashed back to par when they tried to cash out their winnings.
They may be still trying to exit
So much for sophisticated investors

Tax holiday is offered to all foreign startups and is uncapped for 8 years.
KCN could argue it's starting up.
The cap of $145M applicable to KCN only covers the impairment to its plant and machinery.
The fact management did not make any effort to sell the SPP is a clue they expect royalty relief and only went for a CR to get the Taurus monkey off their back.