thirty million hit, page-12

Bottomfeeder,

Yes perhaps a little narcissistic on my part to think the world revolves around my decisions. It did appear strange just the same from my perspective to take out all the shares at 20c and then less than 3 minutes later see the 30 million trade go through. What prompted me though was the large buying orders that appeared at 19.5 cents and now we know that Troy was one of the main buyers at that price. What almost certainly happened is that Troy put in his buying bids at 19.5 cents and then did the crossing of 30 million shares at 20 cents. I came in in the middle of the deal. It seems to me to be a conflict of interest to be selling 85 million shares for Trojan and knowing exactly what is going on and what price they are selling down to and putting in personal buying orders half a cent below that price just before you do the trade. Interesting tactic from Troy. There were more than 8 million shares being sought at 19.5 cents at that time so I suspect he took a few mates for the ride as well.

Just in relation to some of the other comments being said, I don't think CVC's 13 percent holding is near enough to control the board or the company. It seems to me that they might just be wanting to stop anyone else from taking the whole 19.9 percent and having more control than them.

I prefer to have the shares more widely spread than seeing control go into the hands of just a couple of shareholders. I agree though that it will be disappointing for the share price if Trojan have to slowly flog the rest of their shares off.

If CVC and Troy can see a bargain here, surely others will see it to. What I would like to see happen and expect it to as well is that one day very soon we will see a flurry of activity and all of Trojan's shares will go in a small number of large crossings. Then everyone here will be cursing themselves for not taking the plunge :)

GPASAS