any views on how the cap raising will go?, page-64

Mate I reckon there are at least 4 levels of holders ( barring holding sizes )

1 Holders who took up their entitlement

2 Holders who couldn't afford the extra risk of taking up entitlement

3 Holders who wouldn't take up their entitlement for many reasons anywhere from,,, the old board failures, to threats of divorce !!

4,,, Holders prepared cut and run,,, totally over the pain and the spin and their perceived risk of going belly up

Type 4 would make up the vast majority of the light volume stock being sold,,, but,, picked up by risk takers ( most probably ex holders who have traded the ups and downs, but had no or not enough entitlement in the cap raising to fill their apatite ,,, betting on an oversold scenario and the high probability of sp moving news in the wind.

Remember the shell Co price would be about 4 mil, but the 1.1 mil raised in the last spp bought the majority of the 9 and a bit million in Co assets posted in the annual report

cheers CT just my thoughts of course. I have no broker code info to back up this theory.