wake up , page-82

HHL subtantial notice of 9.75% of the company was all purchased at $2.50 and thus was offmarket between placement holders I presume.

On the 8th July (day after the EGM), they purchased around 7% of the company at $2.50. The high for the day was 2.29 and the low 2.10. Bit confused as to why they would not accumulate small volume on market at the same time.

Perhaps they want to pick up some more larger parcels from stressed placement holders at less than $2.50 and thus dont want the share price propped up by their on-market buying. Who knows.

I have held companies in the past which HHL as entered and they rarely stop buying once they enter. They tend to take big positions once they have made there mind up. Thus another substantial notice from them is likley IMO.