It is not enough to consider just the CBA holdings ... as far as...

It is not enough to consider just the CBA holdings ... as far as I can work out there were:

- approx 33 million shares issued just before the float from Convertible notes
- approx 40 million shares issued through ESCROW in the last six months
- approx 40 million other shares listed on the ASX which presumeably were issued to people who bought shares before the float

This probably has had a greater effect on the share price than CBA's holdings however I don't share Surandy's pessimism about how Singapore is going to perform as they will have had 12 months experience with the Darwin Plant before Singapore starts up.