The markets are very angry with this- like savage beasts!
The AFR says that Tinkler may be looking at getting a greater stake in the company than the 19.9% he already has. This is a way for him to get cheaper shares, I guess, if he wants that.
I'd have to say this is one company I'd happily be an opportunist about- currently 16.7% down (although it was looking a bit toppy recently anyway, imo).
Good luck to holders- disappointing outcome for you.
AZT Price at posting:
$9.00 Sentiment: None Disclosure: Not Held