AVZ Top 20, page-266

hey mate,

cheers for the tag, look couple of theory's but they all circle back to the same root cause. figured it was good value at that price.

more granularly.

1) they suspected that the amount of volume would not have been present to allow them to buy that many at lower levels. (as in soaking 5m+ hasn't/isn't happening currently for buyers at 3.7-3.8c

2) didn't expect the s/p to go as low as it has

3) expecting/ed news in the interim to boost the s/p

if they're serious and long term it could just be an initial position. IMO the real heavy buying will occur when the new shares hit the market.

expecting a really short flurry of trading in the mid 3's with a lot of amateur players at current levels being stopped out. A lot of the savvy ppl and even non holders are waiting for SPP completion to jump in and are hoping there's nothing in the interim that forces them to pay more that a 20% discount to VWAP.

anything over 5c would place today's price at parity of predicted low after placement, with no risk of missing news.

Sorry I can't be more informed on the subject, it's really speculation from my side. continued buying would indicate a different opinion.

SF2TH