Ann: Trading Halt , page-21

The bottom, for now, is $22.50, the capital raising price. The company did the right thing, imo, to have the profit downgrade and the CR at the same time. It could have been close to a 20% fall on the downgrade alone, and then a further discount for raising, but 22% discount at this time is about right, as it takes into account the downgrade. The SP might not fall to that now, but at least it gives a target number. It will probably give good value at that price, imo- being cashed up in the future, and some forms of restructure to occur. LEI was last that price in July, '09.