potential prime takeover, page-27

TTH,

I'm putting something together out of these snippets.

Whilst it needs some chronological order and detail here are points I found interesting.

1/PRT underwrite DES Rights issue
2/ T4P call DES a sell.
3/ ANZ are advisers to, and shareholders of PRT
4/ Opes Prime fails and ANZ ends up with 27 million Des Shares.
5/Des shares dumped on market.
6/Continuous selling pressure keeps DES below the 10 cent right Issue Price.
7/Acceptance day for RI passes and sellers dry up.
8/ Prime acts on its increased power and installs new directorship

Then we have an Email from T4P go out 28/4/2008 first two paragraphs read

“ It's NOT often you get to know
about a takeover in advance,
but today is one of those days”.

“Prime WILL make a takeover
offer for Destra this week.”

{Pretty strong stuff from a respected analyst. I wonder how you do get to know of a takeover in advance? }

Then the following day a second T4P email calls it unlikely and adds

“It's now back to 12 cents,
- but Prime will want it lower
before they step up.”

{Well I hope not, because Prime are now calling the shots for Destra}

Now I'm not suggesting any wrong doing but gee you could certainly throw some theories around.

Anything else? Opinions? etc

Oscar

PS Decided not to ring the company just yet, as I think I'll follow sucessions lead first.