John I was thinking the same thing and was doing some research...

John I was thinking the same thing and was doing some research on the rules this morning.

I can't really think of any reason for Sienna to want to take it over. They have a significant holding and control and I imagine return would be the aim.

Do you now run the shares up via an on market buyback whilst simultaneously improving you return per share?

Thats what I would do but I am only a beer guy. These guys hardly ever put out info so just speculating.