Hi @forrestfield :) I'm hoping you might be able to help clarify...

Hi @forrestfield
I'm hoping you might be able to help clarify some details about a stock which I know you are at least interested in. I've reached my level of competence ...
It's AIV.
Here's what I *think* I know:
1 - top 20 hold about 94%
2 - 17/10 - announcement of share buyback of up to 64m shares by Bell Potter, starting November 1, 2016
3 - 24/10 - consolidation of 5:1 in early December 2016
4 - presently there are about 808m SOI

So, if the above is right, then there'll be about 161m SOI after the consol, of which the top 20 will own about 152m, leaving about 9m free float. Then there is BP buying some shares during the course of the year.
I'm working my way through the annual report and can see what appears to be an astonishing range of tenements in Australia. The stock is highly illiquid since it seems the holders rarely sell.

If this is true, then this must be just about the ultimate expression of management and T20 having "skin in the game."

What am I missing here? Any red flags? What effect might the consol have?
Any thoughts would be greatly appreciated
Thanks amigo.