greyhound, the sell-off is probs due to the weak lead from Wall...

greyhound, the sell-off is probs due to the weak lead from Wall St overnight. The big funds, ie. the short sellers of late, were concerned about a capital raising, which is too costly when compared with debt financing. Equity forces a higher required rate of return vs debt. Debt finance is cheaper for a profitable business, like FMG, since it has a solid cash flow stream and interest payments can be used to lower your taxable profit.

imo the fact that the offering was oversubscribed is great news, and with a positive lead from the US we will see this baby back above $5 in no time.