MFS mfs limited

solvency and a 2 month wait, page-62

  1. 3,904 Posts.
    I don't think anyone needs to down ramp MFS - when (if) it reopens for trade as I suspect that there are a huge pile of shares that will be flooding the market - good news or bad - resulting from changes to margin LVR's that occured while it was in a halt.

    Now I don't know how banks normally manage this situation. They would have given people a day to change their exposure - but what do you do if the company is in a halt. Particularly if the company has been removed from the register all together.

    Would they have forced the holder to pay 100% of the value of the shares - or are the shares queued up for sale on open.

    In any case good news or bad - my gut feel is the relist will be savage.
 
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Currently unlisted public company.

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