share price freefall soon

The bid is 3.2, the offer at 8.0, and no trades.

The closing price of about 8.4 is therefore soon to be impacted hugely - by the 1 for 1 rights issue at 4.0 that Ivan wrote to us yesterday reminding us the close is this Friday 19 March 2010.

There is therefore a large number of shares under the rights issue that will be seeking bids above 4.0 - any price beyond 5.0 is fanciful for a while.

Hence reality will soon descend - freefall from 8.4.