Post by
wise_investor on May 09, 2012 12:12am
Down 25% and halted at 1:53PM on ASX
This obviously does not look good at all. They were probably about to release news on a warning of some sort but somehow got leaked out before they had a chance to release the news. The smaller investor is always the one who gets hit hard the most. I am praying that they come out and say that they do not understand the reason for the fall and that nothing has changed from the last report. Unfortunately, it does not look like that will happen. Good luck to us all.
Comment by
wise_investor on May 09, 2012 10:07am
The release is out on their web site: ....the Company has no explanation as to why there has been a decrease in the price and increase in the volume of trading in the securities of the company. The company has to now prove themselves in a very tough market.
Comment by
bonjovi501 on May 10, 2012 12:24am
All hope is lost and now either a buy out or bankrupcy I would think. Where did everything go wrong???
Comment by
nvrlrn on May 10, 2012 1:43pm
Has trading been halted on the TSX? So much for the anal-ysts' opinions. Unless they are aware of an iminent buyout. Let's hope so.