what happened to firstfolio today? down 24.3%, page-3

Thanks for the reply, kiril. The ANN from the company in response to the price decline, said all was BAU, so that is a step in the right direction (and of course, what else would they say?)

As for larger issues, we've had a stock market crash, in the main; house prices either falling or stagnant; interest rates having fallen, which can be good for business, but which also shows things are a bit stuffed, and the catalyst for the rate lowering; and I notice that FFF has been in the news for the best home loan rates and IR cuts.

If a recapitalisation from private equity is what is needed, I'm all for that. If it was just a needy seller, we should get back to one that is more usual for the company. Selling of the order we had on Friday certainly spooks people, and spooked the ASX enough for them to send us a notice.

Regarding gearing, you're right- too much debt can be trouble. However, the debt is to the major shareholder's company, and he is also a Director of the company, so he has all kinds of skin in the game to see that the company succeeds. There may be some kind of tussle to wrest the company from Mr Wales' control, or there could be some kind of management buyout ahead. Or there could be nothing. :)

Hopefully, a few green days on the bourse should soothe all these beaten down shares.