Macquarie $1.33 Value Price, page-41

This IS frustrating as anything, only positive, is the opportunity to pick a few more up, at a very nice price IMO.

As for MacBk, seriously, all these people saying look at the MacBk this and MacBk that - MacBk have been doing widely inaccurate hatchet jobs on MSB for yrs, their simply taking advantage of the current negative sentiment to try to stick the knife in a little deeper.

I suspect - I do not know - there's obviously a story behind it all, and it may relate to MSB passing MacBk over at some stage regards consulting/financing work - who knows.

Self evidently, the MacBk valuation is fantasy land stuff, they WILL however, take advantage of any opportunity to try and make it, a reality!

MY one criticism of MSB in this entire unfortunate situation, is they should have linked a significant positive program announcement to the US IPO, ie, a cardio program update or diabetes into PhIII etc - giving themselves a much better IPO climate and avoiding pain for shareholders!  It was a "significant" step and deserved a "significant" dose of supporting positive news - linked right to the month of the IPO/listing!