snuck it in after market as a non-price sensitive announcement - truly incredible given that they stated voluntary administration is the most likely outcome if funds don't arrive by Friday.
this is shaping up as a heist - secretly negotiate to send the company into administration, pay a few poeple off and then steal the company for nothing.
Alternatively, the agenda is to drive the price towards 1 cent in order to get the deal approved.
Yet, the company continues to trade. ASIC will do nothing but watch it all unfold. This sort of bs makes participants in the market physically ill.
There is no reason to believe the money will arrive by Firday, but all will be watching to see how many shares MOD dumps tomorrow. Why else would it not be in a trading halt?
Those who participated in the spp may be entitled to a refund.
Add to My Watchlist
What is My Watchlist?