No Sevo, they are associated entities and don’t have individual creep limits. Perhaps he can buy through his mother’s dogs account but if the dog was found to have exceeded the creep limit he has to declare a takeover on the whole lot or forfeit any shares over and above the limit. I’ve seen this happen before.
The buyer of last resort is gone and the price is capped at 18c without a serious catalyst.
Ann: Prospectus for Non-Renounceable Pro-Rata Rights Issue, page-59
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