Riskon - from bidders statement read section 2.20, that explains it.
During the offer period, they have to issue updates by 9.30am the day after they become 'aware' of the change. My understanding is that by accepting you have become contractually bound to sell (although they are not bound to buy unless the condition of 90% acceptance is reached - at present) so they take that as increasing their ownership & have to give notice, I think it's for any increases steps above 1% but can't remember off hand - you better DYOR on that but in summary yes we will see regular updates of % increase. Generally they will be very keen to get that info out there as the higher the % increases the more holders think it is a done deal & sell into the offer. Wait for the big notice when the 2x latest substanial holders sell in or not as the case maybe, that is the interesting bit for me at present, I am hoping they will hold out for a higher offer.
As always only my amateur opinion/knowledge so DYOR and/or consult someone who is qualified to give advice.
NDO Price at posting:
5.2¢ Sentiment: Hold Disclosure: Held
