I imagine the buyer of the 3M Freshtel shares would have to be...

I imagine the buyer of the 3M Freshtel shares would have to be of the same opinion as you are as to the merits of his investment.

So, the burning question is who peeked into the Freshtel books? Credit Swisse or the 3M Buyer?

I know that there is a broker out there, Newport Capital, pushing FRE for all they are worth, I wonder what they know? I imagine they had a hand in recent large volume share transactions.

For Freshtel holders, it might be worth a call to Newport Capital and get their perspective on Freshtel?

I note in the Freshtel FY08 financial report & address to shareholder released on 25th November 2008 that the chairmans address announced:

The future

Looking forward, we are focused on delivering the deals that will strengthen the company and move us towards profitability.

As well as seeking organic growth opportunities we will be looking very seriously at merger and acquisition opportunities both in the domestic and global market.

We have put in place a capital management strategy. We have already demonstrated this year our commitment to reducing capital expenditure and have capped the rise of our operating costs.

We have also engaged Newport Capital to help us secure new strategic investors, and we currently have an information memorandum out in the market.