at last count sportsbet had about 17% of the shares (about 10 million) and the MD mark reid had 7 million...... what's that? about 8% or so..... That's off the top of my head from memory...so I need to check tomorrow for confirmation...so someone is buying and I reckon it is sportsbet, just waiting for a new sub hold notice..if this is the case, I imagine reid and sportsbet are both in the know and allowing sportsbet to accumulate as much as they can..then they will both get together all friendly and have a takeover....
it's just that sub notice we need......if so i would imagine getting back in at around 40c and wait it out... time will tell...
IAS Price at posting:
47.0¢ Sentiment: None Disclosure: Not Held