I noticed this announcement today:
The GPT Group today announced that a revised conversion price for the $250 million perpetual exchangeable securities issued to GIC Real Estate (GIC RE) on 28 November 2008 has been determined following the completion of the $1.7 billion capital raising announced in May 2009.
Under the terms of the agreement, the conversion price has been reviewed and determined as $0.7766.
Some big players on the registry at much more significant prices than it is currently at market for... and the company appears on *all* indicators at present time to be in fine health.
Patience people.
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