I must have read these parts of the announcement incorrectly:
"""The Company proposes to dispose up to 52,500,000 iCar Asia Shares, representing 27.20%of the total issued and paid-up share capital of iCar Asia in the following manner: (i) in the open market of the ASX (“Open Market Disposal”); or
(ii) off-market disposal to parties other than the Interested Directors and/or Interested Major Shareholders, as defined in Section 10 of this announcement, and/or persons connected to them (“Off-Market Disposal”); or
(iii) a combination of both;"""
......
"Notwithstanding the above, the Board may at its discretion proceed to dispose theiCar Asia Shares at a disposal price below the prevailing marketprice of iCar AsiaShares at a discount of not more than twenty-five percent (25%) tothe ten (10)-dayVWAMP of iCar Asia Shares"
Goodluck.
ICQ Price at posting:
$1.33 Sentiment: Sell Disclosure: Not Held