all the talk about 2.50 and rights, page-4

So Legume SP is dropping because
1) Day traders selling cheap
2) Banks selling cheap
3) Hedge funds selling cheap
And they are all selling cheap because?
1) They got too many shares
2) They are cashing in to buy in again at 2.50 with free option?
3)?
Any one out there with a "sensible" or reasonable guess?

it's too early to sell out to buy in again at 2.50. they would have to hold their shares until 7pm, 26 Nov when the Rights Issues are recorded.

so, they're selling the stock down because they're hoping to scare retail shareholders into not taking up or exercising their rights, and because selling the stock down is easy and cheap for them to do. but the final result will be that the Chinese end up with a higher proportion of the shares on issue. so either they're helping the Chinese behind the scenes, or they're short-sighted idiots!

just a hypothetical opinion.