someone likes cxsoa, page-4

I can't understand it either.There are 10.95 million of them exerciseable at 68c.It is almost as if someone is short of them but that is hard to believe.In the meantime the market is assuming the interest in CXSOA means the bid will fail weakening CXS.Holders of Employee Options will do well.From the offer document.
"Based on an offer price under the Share
Offer of $0.70 per ChemGenex Share, the total amount
payable under the Option Cancellation Letters in respect
of Disclosed Employee Options will be $4,977,163.30."