GREY:AVNDF - Post by User
Comment by
strzelinon Jun 07, 2011 7:21pm
425 Views
Post# 18683887
RE: RE: 29j4wavf
RE: RE: 29j4wavfGary Dundas (AvenEx CFO) said that small delay in the Q1 Report is related to the new (2011) accounting standard .
He insisted that there is no material changes in company performance which would justify any drop in the SP and the Q1 Report will confirm it.
IMO they new about new accounting several months ago and could avoid uncertainty .
As he mention before the sell started when the ITG (broker 014, using alternative trading system-ATS) was unloading major position hold by US investor.
This triggered some stop losses (unfortunately I removed mine after the conversation with the CFO).
ITG is still actively selling lager block pushing the SP lower. Today they sold over 200,000 shares. Only God knows how many more shares they are contracted to sell.
Hopefully the Q1 Report will stop this madness.