ii fund pulls out, page-11

II's steve on red their exposure recently:


Antony Lynam
January 24, 2012
I noticed that Intelligent Investor Funds management sold 10 million shares of Photon Group on 17 and 20 January and is no longer a substantial shareholder. Are you no longer confident the stock has value at these levels?

reply
Steve Johnson - IIF
January 24, 2012
As I said in the last quarterly report, I still think it's great value at current prices. We just have a lot of other good ideas too, and 14% of the fund in this one was too much.

so nothing to be too concerned about when they bought a load at 3cents....