One thing is for sure and that is Arbiter will be back tomorrow morning with three more bids with the top one being a step above today's closing price and all these panic merchants of today will be gone. Did I see George dump his holding of 370k shares at 36.5/36c this morning?
I personally don't believe they'll be a capital raising but can't discount it completely as I'm not aware of the quantum of their access to funds from banks.
I think it's time to forget about the current noise around FY17 results and start to concentrate on the potential of FY18 results as that's where the real action will begin.
MML Price at posting:
36.8¢ Sentiment: Hold Disclosure: Held
