Ann: Acquisition of LIFX and Share Placement, page-65

as humphrey appleby would say - that is certainly a courageous viewpoint Minister

as for people reading anything into sp action after deals - how quickly many of you appear to have forgotten what happened with the last big raising done by Bell Potter and DM?

short term tells you nothing about long term - esp on day a deal is announced - because so many vested interests who take placement are at work to ensure shares stay higher or indeed often rip up esp if any funds taking placement want a quick exit and 10-20%

working to its favour is BUD burnt through tactical investors and day traders long ago - so i cannot see much threat of large sell down activity short term.

any disaffected lt buy and holds underwater will just be hoping the stock rises appreciably so they can get out square