new ann out, page-79

My work was called off today so stuck in a hotel in China nothing to do so forgive my indulgent ramblings below.

Lets imagine BB is correct and the CR has been offered to SIs.

Usually there is a 10 to 20% discount to entice them to open their wallets, and yet hes saying we will be happy if we are holders at current prices.

So in my mind the only way it could be the same or more than current SP would be if there is a generous option attached, or its connected with other news and that other news would increase the SP substantially upon coming out of the trading halt, and so they would accept a higher price.

Before reading BBs comment i was thinking more on the lines of whoever the JV partner is, they are maybe taking a % stake in GGP say at 1.7 cents before the deal was done, meaning it puts them in the box seat for being possible future T O suitor.

Or if its an aquisition its going to be a good one for GGP, and so too hard to knock back at say at the 1.7 higher price.

My feeling is whatever the scenerio is,its going to be positive and will lead to strengthening our position to further growth.

Looking forward to the details and the possible beginning of A very positive outcome for GGP SH.

LWR