hbos takeover on track, page-9

VPG is as flat as a pancake now.

All the volume is vanishing out of it which might be a good thing, but 44% of the issue has bee traded over the last month. Surprisingly few 60x's for that number of shares traded!

IMO, unlikely to decline much from here, but the lack of any recovery attempt implies there is something coming that us mug punters are not aware of. I can only presume that the company is planning a capital raising with the banks, and hence no recovery attempt.

If this is the case and retail investors are being kept in the dark, I will form an extremely negative view of management given the heavy handed sell down from institutions.