ABS a.b.c. learning centres limited

class action, page-21

  1. 11,674 Posts.
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    This exploding convertable note rumour is just a load of bs. As I understand it, Morgan Stanley gets 10% of ABS providing the company's profits reach a certain level at a certain time. If that does not happen a partial refund is warrented. IMO its a good deal. I dont believe hedge funds are shorting abs at these levels. The drop in the sp on friday was due only to recent market volatility and presents a good buying opportunity.
 
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Currently unlisted public company.

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