ORL 0.00% 43.5¢ orotongroup limited

If my calculations are correct, he holds approximately 17.5% of...

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  1. 1,757 Posts.
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    If my calculations are correct, he holds approximately 17.5% of the company.
    That figure is based on his overall holdings divided by the 40.9 million shares that make up Oroton.
    If this is correct, then he only needs another 1 million shares before he is required to declare his hand, ie a takeover.
    Am I reading this correctly?
 
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Currently unlisted public company.

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