Ann: Annual Report to shareholders, page-16

3 yr chart shows higher lows yr on yr along with the fact the company's dividend payout.

Annual report tells avg 70-80% of 16FY revenue has been booked, with AUD expecting to be at this level all years around, long term shareholders probably at least are going to collect 7% return on capital at 8c. It is probably one of those stocks one just cannot lose money, and probably safer than banks.

as to pie's reduction, from 5 days chart, it is almost certain they went jugular after ticket was issued, 1.3mil shares traded during that 2omins, if without the selling, sp would have easily gone to teens.

for Monday, it is obviously important it doesn't hit lower than where it is, and I think the troop probably will regroup again for 2 reasons:
1. pie's 11mil holding is their core support, so I imagine they have done the sell, therefore put ann out after market after Friday (I guess they would have sold a few more on Friday)
2. from 5 days chart, it is certain that Wednesday 10am hype was not pie itself, otherwise, they wont be able to clear 2 mil within 2 days, so if the offer is legit, without pie's more selling, share price should rise with little resistance.

I might also add, it is really good timing for management to show credentials, they met 13 times a year, they must have been talking over last 5 days, they should come out to put pieces together Monday morning considering they have been talking M&A for a good 2 years since last acquisition of Statseeker, and the reverse seems happening, specially offer is for asset(S).