sushi1,I think I may have posted something on Transview selling...

sushi1,

I think I may have posted something on Transview selling previously. They are a significant holder who have been selling down their position for a while now. I would suspect in the first instance that this selling is them, but I honestly dont know for sure. Why are they selling? Buggered if I know - they bought in when the TRF/IFE story was not really any different from today's situation, so perhaps the selling is due to internal reasons...

Having spoken to Ian Finch, I asked him 6mths ago if Transview would look to add to their position as a means of cap raising for TRF. He gave me a funny smile and said that he would doubt that very much. So my take from that is that there is some sort of issue with TRF/Transview and that there's a far greater likelyhood that Transview will hold less and less of the issued capital.

hope that helps.

Btw, IMO, transview have got it all wrong.

cheers
Split