Don't get me wrong, I don't think they are cactus. The most likely outcome is that they will announce an ABL refinance next week and their share price will bounce straight back to 20c. My point is just that I can see why the share price has dropped so much. The talk about "silence from the ASX and ASIC" is insane. This is just a pretty orderly process of shareholders getting their money out of what they see as a high risk situation. It doesn't matter if my house is valued at $3 million. If I owe the bank $150k and it's due by next Friday then the house is theirs if I can't come up with the biscuits!
CRN Price at posting:
11.0¢ Sentiment: Buy Disclosure: Not Held
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