David,Only the the board and a select few would of been aware of...

David,

Only the the board and a select few would of been aware of the possibility of a capital raising and I'm sure the last thing they would of wanted is for the information to be leaked to institutional investors in order to prevent a sell off.

Therefor I think it would be highly unlikely that any institutional selling would be due to a possible raising because they wouldnt of been privy to the information.

It seems to me that upcoming information or announcements are far more sercurely held than in years gone by because the selling would've been far greater than what we have witnessed over the last few weeks if we had a leaky ship.