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Hi,

I have been following VPG very recently. On 06/01/09 one of VPG's response to ASX Price query was "...securities continue to trade at substantially less than stated net tangible assets as at 30 June 2008"

Now on 23/01/09 their market update stated "...there will be significant reductions to carrying values"

Does this seem just a little odd to anyone? One week they are saying our sp is too low, and 2 weeks later...their assets will be significantly reduced.

Just want some comments on other VPG followers and if this is something that should be noted to the ASX, as to me it seems like market manipulation by the company.