Ann: Daily share buy-back notice - Appendix 3E, page-5

I cant think of one, there may be one or two but they are more likely smaller
company funds, where you kind of expect that kind of volitility

As per the presentation....long 185% short 87% or total or 272% total exposure...
yeah, it netts out at 98% but if both your shorts and long move against you
'watch out below'...but if you get it right...'woohoo'

When you have this much leverage and exposure even small market movements
can cause pain

I really have an issue with this 5 day window of not knowing the true NTA
with this much volitility it opens up huge price swings that may be able to be exploited..
Not saying this is happening...but why have have this window anyway, why it is needed,
todays NTA is 5 days after the fact, it is not audited and is only approximate anyway

cheers grant