litch I dont see any reason to sell out of IFE. The companies...

litch
I dont see any reason to sell out of IFE. The companies short their upside has been reduced but their still is upside.

You may also find that the share price bounces back more quickly than expected. Today we have had 3.5% of available shares traded. Almost all of those will have gone to long term holders.

I would also say that the majority of available shares(excluding TRF 50%) are already in long term holders hands. As such when this announcement fades into the background and some positives announcements about completion of project milestones appear the stock will bounce.

Also in relation to Finchy selling out small shareholders I think this is a bit harsh. I spoke to him at length last night at the AMEC presentation and I can assure you that while he was aware he would cop some flack over the announcement he was adament that he had done what was in the best long term interests of shareholders. Given that he is a significant shareholder in TRF it is also in his own interest to try and get the best deal he can for IFE.