Yes, Oilyman. Very suspicious. 5 million for sale. Can only be...

Yes, Oilyman.

Very suspicious. 5 million for sale. Can only be one of 5 people according to top shareholders notice in 2012 Annual Report. (I don't think two or more top shareholders would simultaneously sell large chunks at 22.5 cents).

My bet is that it is the Smorgons, the only large buyers recently. I am starting to think they have agreed to buy a large chunk to hold on behalf of another party who intends to takeover AQO down the track. Remember the Smorgons only became an interested party about the same time at the Pathfinder deal was being (re)negotiated.

And why else would a recent acquirer cap the price of stock they've just purchased? I would think you'd want a stock you've just acquired a large chunk of to drift up.

It would be very helpful if the company updated the top shareholder list and any substantial change of notices. If the Smorgons are capping to acquire more themselves, that would require a new change of substantial holding notice, which we haven't seen despite some large chunks (one of 1million a few weeks back) going through.