AQO 0.00% 27.5¢ ambassador oil and gas limited

Ann: Trading Halt , page-8

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  1. 8,745 Posts.
    lightbulb Created with Sketch. 3407
    I don't think its a speeding ticket dhinh.

    I think having a top 3 shareholder sell out may have forced their hand:
    - either because they are suspicious about a hostile takeover.
    - a (future) farminee or insider is acquiring stock cheaply prior to publication of major deal, raising potential accusation of insider trading down the track.

    Having a major shareholder sell out (@ 22.5 cents) after a brief run up will spook any CEO. Calling a halt is the prudent thing to do.
 
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