Looking through it now I would suspect that Zero Nom was the...

Looking through it now I would suspect that Zero Nom was the holding company for Beach. Assuming that they have 4.85% plus what they purchased today anfd they have allowed themselves to buy up to 19.9 % so effectively not including today they can buy about 135 mill more before they must stop.

I suspect that the register will then be very tight if that continues with Eddie at 18%, Beach at 20% and Vic Pet at 10% so effectively half the shares with 3 holders.

A futrher portion are director shares which would also now be untradeable.

ITC will hold at that 8c level but will become very scarcely tradeable in the longer term assuming it will take several weeks to get to 19.9%. There would be a number who are happy to go and then some who will wait and those that aren;t happy with the deal.

Vic Pet is still the trump card. Will they play that card and take on Vic Pet. I am not sure.