There's also speculation that the embattled Valad property group will be looking for cash perhaps today or tomorrow after its shares rose mysteriously.
(That seems to be the new tactic, boost share prices to a level where a company can more comfortably raise cash. We saw that with stricken ragtrader, Pacific Brands, whose shares jumped from 44 cents on April 27 to over 72 cents last week. It revealed plans Monday to raise up to $256 million. The shares rose despite two big shareholders in the Colonial and 452 Capital selling millions of shares)
http://livenews.com.au/feature/companies-downgrade-raise-cash/2009/5/14/206424
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at least they used the word speculation
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There's also speculation that the embattled Valad property group...
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