anglo energy, page-7

Mattaward,

Dude if you don't think this is bad news, or at the very least not positive news ... well I'd hate to be your bank account. No one suggested that Anglo sold down however here is a sceanario for you. Anglo Energy have strategically fallen under the 5% via the placement and now can freely offload all their shares without alerting the market. Just the fact that this option is available to what was promoted as PYMs very close partner is not good news. If Anglo wanted to show confidence in the company they would have adjusted their holding in the month and a half they had before the placement was completed. I'm sorry but this is far from positive and shows no sign of confidence.

Now I don't know you Matt and I hate saying these sorts of things but my experience with people who jump to the defence of a company so quickly and passionately after such obvious bad news, usually have another agenda. Just go over to GPN and YRR for the past 12 months and you will see what I mean.

Thanks for the heads up SK.

I am the Iceman!