credit suiise says goodbye

Anyone care to share their thoughts on the Freshtel recent substantial shareholder dumpoing their holding down to as low as 2c recently?

I am not sure I would read too much into it, instos' come and go all the time in all sorts of stocks for all sorts of reasons but this one exited in a pretty desctructive fashion and dragged the SP down to it's current level.

It's gonna take a whole lotta good news from Rhonda to prop this up again. Increased cashflow announcements would be good right about now to back up all those glory sales announcements peppered throughout 2008.

I still reckon there will be another cap raising a'comin real soon, Rhonda actually confirmed this at their last AGM by stating they were looking for new investors, if they don't find any of note, then expect a normal garden variety cash-grab-for-continued-OpEx cap raising.

Then everyone will be happy as Freshtel will have lots of cash, this will give FRE holders some comfort as it appears to have done all the way through since listing. No-one seems to care that they don't and are unlikley to actually ever make any profit based on current management plans, activity & horrendous OpEx.......