Ann: Change in substantial holding, page-4

For a fund manager a small illiquid stock like FUN is like a lobster trap - easy to get in but impossible to get out. Alan Gray offloaded a few shares when the opportunity presented itself - presumably thinking along the lines that getting something is better than getting nothing. The fact that cashed up insiders like Gerry Harvey and Lachlan Murdoch who could launch a takeover bid by simply writing a cheque are not buying is telling.