Ann: Trading Halt, page-164

from what i understand they decided to go pre 008 given uncertainty around markets looking into Q4. Not saying I agree but I can't argue the logic as I'm a seller of the macro bounce we are seeing. what this says about 008 I don't know.

there also seems to be some discussion about how this may strengthen their hand with partnership discussions. let's see what they say

there is lots of speculation on this chat which I think is a bit off the mark but as they say that's what makes a market !!

even if they got 20-40m PD they were still going to need cash at some point. so I don't mind them doing it as it ends a big -ve on the stock (ie a potential cap raise), but personally I would have preferred they waited. that said if you want to be positive about it this could give them more leverage in a distribution discussion if indeed they are close to that re mps

there will be a retail element / SPP I believe.

what's done is done. let's hope they get their size from instos who will be in it for the long term and not for a flip.