Linfox sold down a slice of its stake in Bank of Queensland and apparently on the eve of the government's announcement that it would guarantee bank deposits, a decision that many perceive as being aimed at stemming a flight of depositors from regional banks such as BOQ.The stated reason in a BOQ media release is that Linfox wanted to diversify its investments.Linfox sold a stake equal to 0.8 per cent of BOQ shares and the family investment company still holds a stake of seven per cent. Peter Fox remains a director of BOQ.