rights issue/allotment of shares & options , page-3

re: rights issue - mcneil's selling down ”Looks like the rights issue was well supported and the additional shares available have been readily mopped up.”

Old Man River - Read on and think again:

As a result of the recent capital raising and issue of new shares / options the McNeil’s (Bob & Peter) turns out to be net sellers. Yes, net sellers!!
That is they have reduced their holding in the company!

Please read this announcement and tell me if I’m wrong.

15 Oct 2004 14:19 MMN Issue of Securities-Rights Issue 1st Pt Shortfall-App 3X x 4

Are they now going to buy the shortfall at a discount??
Or do they know something we don’t about the future for MMN??
Sure not exactly boosting your confidence in the company/ management.

Your views please.