No, that cannot be the case, it wasn't CX Partners, this would have to have been disclosed to the market. As there was no "becoming substantial holder" or "change to substantial holder" type announcement released, what has most likely occurred is some savvy broker has been able to procure the deal and buy out the total Utilico holding, most likely then divided between a number of said broker's clients who themselves are likely already holders (some current top 50 guys I imagine and a few newbies) which is why we didn't see any subsequent or contemporaneous announcement in relation to a single holder increasing by 165M shares or a number of the big holders increasing their holdings enough to trigger a "change" notice to issue.
Who knows how long it has taken for the broker to negotiate the deal, presuming I'm right, but one thing is for sure, us long term holders well and truly owe this guy (or gal) a drink, or 10!
Unfortunately we may never know who was lucky enough to pick up stock at .25c (unless any of you want to come forward and admit to getting some?), but they'll soon be up fourfold once this powers through .9 to 1c, hopefully sooner rather than later.
TSN Price at posting:
0.8¢ Sentiment: Buy Disclosure: Held
