This must've slipped through to the keeper, but it seems as though Tolga was a substantial shareholder of HEG at the time of the release of the Annual Report.
If I'm not mistaken, Sisu and Kitara are private companies associated with Tolga, and they had a cumulative holding of almost 5.5% - greater than the 5% substantial shareholder disclosure threshold.
Similarly, the company states in the report:
(b) There are no substantial shareholders in the Company's Register of Substantial Shareholders as at 29 August 2017.
Doesn't seem that way to me.
Anyhow, something doesn't add in my mind and hasn't for a while - Tolga tweets about virtually every other stock in his "stable" at will, yet seems to keep very quiet about HEG.
This only confirms in my mind that HEG is different from his other companies and this will be reflected in the share price in the not too distant future.
I'd also be willing to bet a large part of my wealth that Tolga topped up in the latest placement to give himself a larger holding than Regal.
Strange...
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Tolga's Tardy Paperwork?
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