for what it's worth, page-25

agree apples.

I bought a parcel @ 6,4 cents just before he trading halt.
Wasn't expecting that though !

My initial reason for buying:

With the write-downs in property values MDT have
already announced,they still retain a Net Asset Backing of > 30 cents/share which is around 5 times the most recent share price.

America is gradually improving, and I expect commercial property prices to at worst remain stable, and possibly to begin to improve in the low interest rate environment there.

MDTs income is more than adequate to cover all repayments and in reality their loans present no risk to their lenders.

With the trading halt, my only fear is all those ultruistic bankers....and particularly the ones from Mack=bank might see it as an opportunity to do their usual dirty deed and do over the shareholders in ways we havn't even thought of yet !

But even in a worst case scenario, they should be worth multiples of 6.4 cents.

Caveat emptor.

Bendigo