Ann: MEO completes share placement , page-39

It will take a while for this placement to run through the washing machine whilst the sophisticated investors offload their stock at a quick 10% profit for doing very little.

The more cynical side of me will tell you that the sophisticated investors (broker mates) will be telling their clients (mums & dads) that you've made 10% minus the management fee, so why don't you sell and we'll guide you to the next cap raising opporunity

Until this churns through we'll be sitting sub 50c.