It's common practice to put a company into TH before market opens when a price sensitive announcement is due on the same day. Especially when this was flagged on HC on Friday and there was buying on Friday
But AVQ was even trading when the court was in session, i.e. when the price sensitive information was discussed.
AVQ had all weekend to come up with a plan for Monday. Someone on $1m a year can surely plan ahead a few days
The usual people with blinkers on cannot see fault in this. But its quite obvious. Nearly 2 million shares changed hands during those 1.5 hours. Someone was selling.
Doesn't look good. Only someone so pro AVQ that they have gone blind would think that was a good move by RM
But as I said, those that sold will be thanking RM and laughing all the way to the bank. Let's just hope they did not get a heads up to sell and a window was left open for mates to get out
AVQ Price at posting:
38.0¢ Sentiment: None Disclosure: Not Held
