so westfield is set for big things, you said last week ?Well...

so westfield is set for big things, you said last week ?
Well Westfield seems to have hit a new low, although possibly worth a punt at this price.

Meanwhile MOF has extended their offer, I suspect some kind of scam but I don't know what. Macquarie says they will underwrite a few more shares, but first they want to give the shareholders more time to buy them. Yeah right.

How large is the additional underwriting fee.

Remember this rights issue has had two closing dates already. Most of the institutions got their shares around christmas eve ( and may have sold them off already for a decent 20-40% profit ).

Meanwhile Macquarie holds up issuing shares to those retail shareholders who actually paid up, on or before Monday, for an extra week.

Not happy!