Ann: Proposed issue of securities - POS, page-102

The only thing 'alarming' is your lack of basic understanding of the mechanism in play. 3b is next week. Those who were not already long POS prior to CR have nothing to sell until then, so they can hedge by going short.

It's good news because they have already sold. 95 million shares have changed hands since the open Monday so far. If you take into account people who got the heads up and sold prior to the trading halt knowing they were going to get some back at 11c from the CR and that on top of that there will be some Morgans/MST clients happy to hold a few you will work out that already a big proportion of the CR shares have been dumped. and it is only Wednesday morning.