Its what they are not disclosing that is the point.
1. Deleveraging is occuring this means a decrease in the value of assets held. What disclossure have they made with regards to the true values of assets held?
2. The Intangible assets held on the books are included in LVR calculations released. What real value is held in these "Intangibles"?
3. It's hiding information which is price sensitive and they appear to be releasing it to the institutions before releasing it to market (this happened prior to capital raising when price was $1.30 and suddenly fell to 94c overnight).
Its what they are not disclosing that is the point.1....
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