Spencer Pharmaceutical (SPPH)

[frontloading]

spph pr stated (suspect)al-dora holdings planned to acquire 70% shares, POSSIBLY more on open market, at their discretion...if spph management and chosen few have already tendered 55%, most likely al-dora may well have acquired additional 15% on open market for pennies..question...is there any need for al-dora to purchase any more shares at $1.10 since they have most likely reached their 70% ownership goal? would the remaining shares quite possibly continue drifting lower? finally, since more than 5% tendered, does the sec require filed notification?