Matt, that is precisely what I was thinking.Could it be that he...

Matt, that is precisely what I was thinking.

Could it be that he was rebuffed on his previous property offers and trying to get retribution? which could also lead to getting a lower price later on? (see june 26 announcement)

Or has he decided to try and get the whole company at a BIG discount instead?

It would seem logical for one to talk down the company, then come in as a white knight to save it at a "fair" price, even if they stand to make a bundle on its assets.

Its interesting that Seymour said revenues wont be good at all if they lose the funds management, yet from what I can tell on the last earnings report, revenues from these were about 30% (see the Dec 2008 half year results p26) , or am I missing something?