well done cba, page-20

Hi Guys,

I have been thinking about this SPP and have come to the belief that it is a bit of an odd arrangement which seems as though it is designed to drive the SP down as far as possible (Why?) I do not know, possibly to allow some to pick up lots of shares that current, hurting holders do not want and at the same Time look like everything is above board.

Can someone with more knowledge put me straight please?

The Record Date for the SPP is 20/02/2014 which has already been, allowing current holders to sell down all the way up to and including the Closing Date of 11/03/14 being 5,6,7th,10th and 11th March and still participate if they wish.

From the Annoucement," Eligible shareholders will be offered up to $15,000 worth of new shares each at a discount of 20% to the average price over the 5 days up to and including the closing date of the offer period."

I have a feeling that the SP is going to get hammered like we saw Friday all the way to 11/03/14.

Hope I'm wrong but that is how it appears to me!

This is all in my humble opinion and not trading advice.

Glta

snider