interesting top20, page-6

from the statement..

"since the announcement of the AWE, approximately 21% of the company's shares have changed hands. We believe that a large proportion of these shares have been acquired by hedge funds who, by their nature, are generally not expected to be long term shareholders of the company. These recent purchases have been at prices around 41 cents per share."

I have a couple of the problems with this statement...

- Why aren't these 'hedge funds' showing up in the top 20?
- Why would they be interested in 1c per share, or even .5c per shares?
- Why wouldn't they be expected to be shareholders for 2010/2011 drilling program as the cashflow for this company explodes?

Any breach of process including not reporting to the ASX of any change of interest notice should be included in the complaint to ASIC.