Blind Freddy could see that somebody is attempting to acquire a...

Blind Freddy could see that somebody is attempting to acquire a strategic stake in this company. Its so obvious its laughable. (BTW I can see a lot of scope for improvement in the way this company is being managed but thats another post)
With only 6% acquired so far that leaves our predator with a long shopping list. And thats assuming he wants to go to only 10%. I would have thought just under 20% would be the preferred target.
Of course the smart thing to do would be for the sellers to back off. He then has only two choices. Walk away or raise his bid to snare more of the company. But, given this was a COMMSEC float, my guess is the majority of shareholders aren't quite as market savvy as old Freddy!