Another fact with Sub holding rules is that no update to market is required if the interest changes by less than 1%. Considering the 41 million volume on 12th May is it very vidable the group of 7 could have picked up another 0.09% each at low 0.30c.
That could bring the combined holding of the 7 aforementioned to around 45% of total shares.
Of course they cannot be coluding with eachother as that would breach ASIC takeover rules.
Just a thought.
IMO
QIN Price at posting:
29.5¢ Sentiment: Hold Disclosure: Held
