Just look at the trade/holding history, it's Peter Laurance and his Pivot group snapping up a cheap buy in Axiom (who is one of its big [deal] trading partners.)
Basically Pivot are making money on a two tiered basis by:
1. selling development opportunities to Axiom; and
2. profit sharing by holding Axiom shares.
Admittedly point 2 is not going to pay off until Axiom's projects come to fruition, but at this price and presuming all of Axiom's deals come off Pivot won't be losing money.
where is the bottom, page-13
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