With regards to the transaction with AOE - One of the key offer conditions (page 2)-
S&P/ASX 200 not closing below 3070 on any three consecutive trading days.
I hate to sound like a doomsdayer but it's still sometime away so I took the money and ran as end of year quarterlies particularly no doubt bad US information will be out before the Feb 2009 date!!
PES
pepper residential securities trust no. 21