If this is a major holder a 3B would not be required as the holding would remain the same. This could be a ploy to stop oppies being converted so as to retain the strengh of their shares without dilution and this could go on until the end of June.Also if this is correct they would be making money each time they buy at the lower price they then go on as a seller at the higher price continually hence (CHURNING). I may be wrong but its the only explanation that i can think of as to what is happening with the SP
JPR Price at posting:
4.7¢ Sentiment: Hold Disclosure: Held
