ihg goose or golden egg, page-21

re: ihg goose or golden egg (you're insulting gees gday,a stock is a stock..not there to fall in love with it..thankfully its above what we paid for it...and after reading what i have about it over the past week or so..i feel that the risk/reward from our entry is worth the hold.

in regards to pendulum,i have been trying to find out about them on the net but as they dont have a website[none that i could find]there's not much i know about them apart from the fact that they are based in perth.as far as i can tell they r the ones leading the consortium of sophisticated investors in the restructuring,of which sabatica pty ltd[the GPG sub.] is part of.now sabatica is the only name that has any existing ties with IHG,being its largest shareholder,the rest of the money comming in is all new...as to wether that means anything i am not sure,but by the looks of it these investors are prepared to channel approx. $19,000,000 into this deal[thats fully diluted] at an avg. of .029....i'm at home now and my notes on the top sophistictaed investors r at work,but i can remember that they are not ur fly by-niters...if u like i can have a look in the morning and let u know what i have.... and since our avg. if we take up the rights issue will be .0275 i am quite willing to sit there for now..cheers