recent trading

whats the real story with hdr.
1 commsec shows a pe of 35,is it earning 26 million a year?
2 while ted was innocently having vino with the vicar in margaret river over easter the sp runs to 1.84,and ted puts it down to the wpl presentation on mauritania at the agm.i was there the word excited was used in reference to mauritania,but voelte did not ramp the story.
3 no speeding ticket as it ran to 1.84 on no news except a new share issue @ 1.10, and a 1 for 6 @ 1.10.
4 as the new issue to "sophisticated" investors began tradind the british gas rumour hit the market.
5 around the same time ted and others are busy converting options and selling to market,ostensibly to fund there entitlements to the rights.where is it acknowleded that any directors are going to take up there entitlements?
i no there is no basis in fact for these observations,but knowing hdr,if it looks and smells like a ramp,then ted has again shown to be looking after himself,and the other pals of his.
louie sailor xmagx et al,come on in and start your diatribe as to why i am wrong.