resaon for share halt, page-7

The worst time is the first 24 to 48 hours. The market will overacted to the inital news. I think the managment is doing the right thing to halt the share. Then everyone has time to think about it.

I don't know what kind of finance contract that Melewar had with Opes. Maybe Opes is lending out Melewar's GBG share, and in return Melewar is getting premiums for it. Who knows anyway?

In a likely case, Melewar will want the share back. But the admins will likly to sell those GBG share in loan to cover the loss at Opes.

If that's true, then it creates a real "bottom" for GBG share. I say, but it it the price drops close or under 60s.