Apart from making ZERs books look better I would say no.
They own near 13% of CUE and 20% of NZO so I reckon they will be pushing for a better price.
My IRESS calculates they purchased CUE recently for around . 08
And prior trades indicated purchases at .115 in early 2014
That's my thinking.
Although $9-11m in cash could be useful to the ZER trading machine
Investments, page-3
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Mkt cap ! $116.6M | |||
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