This is not a good look. I doubt the numbers are the issue, after all, we are talking about things that happened at least 56 days ago...
My gut feel is that there is some discussion re "subsequent events"...what has happened since 31 December 2008 which might have an impact on valuations.
Logically, why would you pull up minutes to midnight?
Not a very good look and most disappointing in what is an extremely fragile market.
Bugger bugger bugger!
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