stephen day resigns, page-14

Maybe this was the catalyst for the extra strength in trade today, the big guys would have had word of this well before we found out I'm sure.

My take on it is there is a refinance\capital raising close (most media seem to have indicated its hot on the heels of Stocklands) but few brokers\insto's seem to be fond of him, perhaps they ushered him out the door as part of the deal.

This article is pretty damning from a known media outlet, plenty of similar stuff out there, although if it is his health I feel sorry for him as a holder I don't think it's necessarily a bad thing. Pretty sure the finance media will be happy and insto's get their fall guy before any deal is done.

http://www.businessday.com.au/business/the-chronicles-of-executive-greed-ii-20081029-5b8e.html