I mentioned on Saturday that Billabong shares had been in a trading halt pending an announcement on Monday. Well, that announcement has come through and it was a combination of things. Number one – profits will be a little lower than last year due to a slightly softer market and changes in the exchange rate. But, and this is the interesting part, they are remaining in a trading halt till Wednesday while they raise capital which (if my information is correct) could mean a purchase in the works. There are rumors of an announcement coming from another big company mid-week as well… anyone want to specualte on what’s going on here?