RPF 0.00% 2.5¢ redcape property group

re: Ann: Market Update - Sep11 Loan Amortisat... Ouch. There...

  1. asf
    9,887 Posts.
    re: Ann: Market Update - Sep11 Loan Amortisat... Ouch.

    There have been two media articles on Redcape in the past two days. This one, which has the ultimate bear case:

    http://www.theshout.com.au/2011/10/12/article/----but-nervous-wait-for-Redcape/HFFLRXDHSF.html

    It contains this gem:

    "The events have left hospitality industry pillars struggling to understand the reasoning behind the obvious moves to liquidate RPF, and where the New York players will go from here."

    Yuk. The sell-off started yersterday, possibly as a reaction to that article. Then we have another article in The Australian today- less bearish, I think, but we still got hammered:

    http://www.theaustralian.com.au/business/opinion/goldman-faces-an-impasse-in-the-long-battle-for-redcape/story-e6frg9kx-1226165302197
    _________________

    What are holders' thoughts right now, after today's SP action?
 
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