It must be nice to have David and Gary Steinepreis as mates and...

It must be nice to have David and Gary Steinepreis as mates and be invited into the recapitalization of defunct companies. A riskly business at any time. Don't get me wrong these investors took a calculated risk and it has paid off, backed the Ascent Capital team and won.

Most of the original seed investors have now sold down part of their shareholdings to have a free carry.

The latest was, Thomas and Debra Henderson, directors and shareholders of Tisia Nominees Pty Ltd brought 25 Million shares on the 20/11/06 for $107,500 (.43 of 1 cent each) sold 3 million on the 28/12/06 for $45K (1.5 cents each) and 21/02/06 7 million shares for $210K (3 cents per share)

That is a profit of $147,500 and a free carry of 15 million shares. No wonder they live in Dalkeith!

Ar'nt public records great, we might not be able to play with the big end of town but at least some of the published documents with ASIC and ASX(even though they can be a couple of days after the event) gives the ordinary investor/trader an "sort of" even playing field

Good luck to all holders in SBL

Walgert