Extracts from LYC ann 31/03/11 /////shares to raise...

Extracts from LYC ann 31/03/11
/////shares to raise approximately A$55 million .///////The Institutional Placement was heavily oversubscribed with strong demand from new and existing Australian and international institutional investors. /////
//////The Institutional Placement was priced at A$2.07 per share.////
///J.P. Morgan acted as Sole Bookrunner, Sole Underwriter and Sole Lead Manager////
The institutions had the first cut of the cake. They can afford to CONTINUE to manipulate the SP to their advantage.
On other hand, we are waiting to get $5000 worth in the SPP.(if no scaleback)
We saw SP being savaged as the institutions played the game when CEO of LYC ,Nic Curtis sold his shares.
THIS IS A CASE OF I RUB YOUR BACK AND YOU RUB MINE.
No matter how good Nic Curtis is in his job ,he is definitely to working in the best interest of the retailers.
Minister Martin Ferguson ,and ASIC now need to decide whether Nic Curtis is working in the best interest of AUSTRALIA or the Morgans in US.
My < NO vote> stands for the sale of Crown to Forge.
Minister Martin Ferguson , would get same if he does not act now.
I cont to hold as an investor. Sp may go down ,but won t stay down imo.
Nursery ?Short term pain is for better long term gains"