Oscar, I like you’re note re conspiracy theories, you may be unaware that you may have just about cracked one but haven’t put it together as yet! Let me help you – you mention anz being the adviser to prime then wouldn’t it make sense for them to pick up the stock, 17+m shares and may be more on market the day of the sell off (and still under the 5% level based on the new issue of shares total – hence no major holding announcement). ANZ if they are the advisers of Prime would be up to speed with the rights issue and knowing full well what Primes intensions are, so by picking up these shares to add to Primes about to be increased major holding, then it would not be difficult for prime to achieve 50%+ of Destra. And who’s to say that they are not the ones filtering them out sub 10 cents to keep the price under the rights issue in turn putting people off taking up their allocation (as you done) in turn leaving more on the table for Prime – all sounds logical to me – I think!!!
DES Price at posting:
0.0¢ Sentiment: Buy Disclosure: Held
