External Administration, page-23

hi rajen,


it was likely a holder who was contacted for CR purposes that had sold out, or something else of a similar vein... unfortunately it is very hard to set the wheels of anything in motion with multiple parties without running the risk of leakage...

as the price was dropped with the dump, it is every chance that STL weren't ready to call the halt, but, did so to stop any more carnage before raising via CR... nobody wants to raise at a discount, let alone a discount to a big drop in SP.

absolutely think it was leakage, but, may not have been sinister on the company's behalf... although, after today, i sure as hell can't hand on heart say it wasn't either... just thought i'd share my ramblings.