[JS] CS4 How to position a graphic within a Frame

I have yet to determine why the behavior is different from CS3 to CS4 and how to correct the positioning within CS4.  To help explain the problem further I have included a sample script which demonstrates the problem.  I have run the script on both CS3 and CS4 and included screen shots of the results when the resulting INDD file is opened.  Could someone help explain why the position of the image is wrong in CS4 and what I can do to correct the problem?

Here is the sample script ...

for(i=app.documents.count()-1;i>=0;i--){app.documents.item(i).close();}
app.textPreferences.useOpticalSize = false;
app.textPreferences.typographersQuotes = false;
app.textImportPreferences.useTypographersQuotes = false;
app.taggedTextImportPreferences.useTypographersQuotes = false;
app.pasteboardPreferences.minimumSpaceAboveAndBelow = "300p";
app.textFramePreferences.firstBaselineOffset = FirstBaseline.ascentOffset;
app.colorSettings.cmsSettingsPath = File("C:\\etc\\Friesens_Yearbook_Custom_Color_Settings.csf");
app.marginPreferences.top = '24pt';
app.marginPreferences.bottom = '48pt';
app.marginPreferences.left = '36pt';
app.marginPreferences.right = '36pt';

var doc = app.documents.add();
doc.viewPreferences.horizontalMeasurementUnits = MeasurementUnits.points;
doc.viewPreferences.verticalMeasurementUnits = MeasurementUnits.points;
doc.documentPreferences.pageHeight = 792;
doc.documentPreferences.pageWidth = 612;
doc.documentPreferences.pageOrientation = PageOrientation.portrait;
doc.documentPreferences.pagesPerDocument = 2;
doc.documentPreferences.facingPages = true;
doc.sections.firstItem().continueNumbering = false;
doc.sections.firstItem().pageNumberStart = 2;

var pg = doc.pages.item(0);

var frm = pg.rectangles.add();
frm.geometricBounds = ['200.5pt','200.2pt','447.8551pt','415.5206pt'];
try{frm.place (File('c:\\test.jpg'), false);}catch(err){};
if(frm.graphics.count() > 0) {frm.graphics.firstItem().geometricBounds = [frm.geometricBounds[0]-147, frm.geometricBounds[1]-49, 407.04+frm.geometricBounds[0]-147, 271.68+frm.geometricBounds[1]-49];};

var objStyle = doc.objectStyles.add();
objStyle.enableStroke= false;
objStyle.transparencySettings.blendingSettings.opacity = 100;
frm.applyObjectStyle(objStyle, true, true);

frm.rotationAngle = 59;

doc.label = '824203.indd';
doc.packageForPrint('c:\\test\\824203\\', true, true, true, true, true, false, '', false, false);
for(i=app.documents.count()-1;i>=0;i--){app.documents.item(i).close();}

The line that I highlighted is the one that adjusts the images position within its frame.  It uses a formula to determine the exact position relative to the containing frames position.  This is why you will see the calculations to determine the geometric bounds.

Here is the result of the script using InDesign Server CS3, notice the position of the image based on the 'Direct Selection Tool' highlight area (this is the desired result):

And, here is the result after running the script against InDesign Server CS4:

As you can see the Image is placed at the lot left corrner of the frame which is wrong.  Any insight into the diffrences in the behavior would be appreciated.

Thanks