take over target, page-28

I think the transaction went through late in the day, so they probably posted it as soon as received it. But you are right we are all interested in who bought them. I would very much doubt it is shareholder who is not already on the register, unless it is a Chinese company who is starting to take a position in the company. Why would anyone sell 30million shares at 8.6cents? Unless there is a side deal. My guess Washington H Soul Pattinson, this would give them approx. 39% share of the company with the option of acquiring the whole company very cheaply. They certainly would not rush to tell the market, which give them a little more time to get their plan together. Expect to see some action in the next couple of weeks.