am i being paranoid or is this fishy

I am starting to either smell something fishy or am way of track.

I followed CNP, before that RAMS. Rams copped heaps of flac over their gearing and exposure to the subprime. The figures were massive.

About 10 days ago.....MFS came out with some stupid plan whic was worded poorly and had the worst timing a company could hit the ASX with this stupid plan.

The ASX reacted. They reacted heavily. They ended up down 70% before hitting a trading halt to take in this reaction and sort themselves out.

In the meantime...because of the 70% fall in share price...The Fortress US fun in the US decided to pull back on $150 million they loaned MFS based on a clause on the MFS SP falling to a certain point.

Fair enough....a contract is a contract and funs in the US are feeling the subprime pinch at the moment.....I am sure they need it more than MFS at the moment.

But it hit MFS by surprise and put them into a trading halt to come up with that $150 million to pay back fast.

Now from here..this is where things get confusing for me.

I have never seen such a barrage of negative unsubstantiated reports from media...share forum posters etc.

The facts are on the table.

MFS declared their debt...a breakdown and timeline in which it was due.

MFS got asked ot repay $150 million NOW.

MFS has sold around $220 million worth of goods / stock in the last 10 days since the trading halt.

Want proof? Check the announcements and check the companies they dumped stock in it. These companies were even worried about the mass exodus of MFS from their holdings. But MFS needs the money.

My question is....is there something I am missing?

MFS released plans for a stupid change. The market reacted so adversely its SP fell 70%.

MFS's fall in SP meant fortress exercised a clause to pull back on $150 million in debt.

MFS sells $220 million worth of stock in this 10 day trading halt.

All the time....the media went wild. reporting on this and that...extrapolating, digging dirt, digging stories from 17 years ago hardly relevant to MFS today and its ability to pay $150 million and retract that stupid plan to spin the company into 2 separate companies.

they did in fact in writing reract this plan.

The $150 million seems covered by my calculation.

The original plan to sell a substantial amount of Steller stand. MFS has buyers...the preferred is Steller. The price? No one knows.

So why has all the forces worked together against MFS?

I believe maybe there is something bigger than what we know. I personally believe....someone wants MFS's image to be tainted and when they re-list...all those unsure to dump stock on open.

Its been e perfect setup if thats the case. In fact...I dont think it could have been done any better.

CNP owes $3.8 billion in 3 weeks.

RHS over geared and almost went insolvent until Westpac vulture picked what they liked and RHG's sell remains on the ASX.

CNP...well the story continues...can they refinance $3.8 billion in 3 weeks? They just told the market there will be no firesale. They will ask for an extension to repay this $3.8 billion.

MFS has been asked for $150 million.

They just sold $220 million worth of assets on the market.

Has a job been done on this company?

Is MFS finished as the paper suggests? They dont say it is...but they speculate.

Something seems out of whack here. The numbers add up in MFS's favour.

The forces paint another picture...not supported by fact but very much forcing the power of suggestion.

I am not a wise man according to my standards. I have only been investing and trading for 8 small years.

But on MFS....I smell something fishy.

The media over saturated the "MFS is dead and dying angle".

MFS has been quietly accruing cash to the tune of approx $220 million.

This week we will hopefully hear more fact.

The media seemed to run dry 2 days ago.

Good luck to holders..but I think this whole 70% down and 10 day trading halt may have been overdone.

MFS has a solid business. They have debt. All business does. But MFS's majority of debt is due to be repaid in 2010.

Open to suggestions’. Maybe I am way off mark.

But I am open to suggestion here...backed by fact.

I think anyone holding now may be positioned very well.

I also think when they relist..$1 might be a barrier for MFS to hurdle...but I also think there is some big money backed by media down ramp ready to pounce on any weakness so successfully planted by the overdone media suggestions that $150 million of debt could break such a company.