says palmer topping up his stake ahead of shareholder meeting...

says palmer topping up his stake ahead of shareholder meeting -it's still only around 7%

Arc has agreed to put a resolution to the meeting re axing of merger with Anzon Australia & also the axing of directors.

Palmer apparently has not as proposed a motion for Arc to shelve a merger with Anzac Energy (the london arm)- article believes this is an oversight

Palmer has not disclosed his intentions if Arc fell under his control, and while providing names for alternative directors, he did not provide biographies of his directors

Based on this article, Palmer seems to have a half-baked attempt at rattling ARC. Maybe that's all he wants to do? strange tactics imho

Article also mentions NXS has vowed to block the Arc deal

so all in all, not a positive news release for ARQ and perhaps one more reason for sp slump