well i agree, there is something wrong with this stock. It clearly is overgeared by the standards of 2008. It was arguably overgeared by the standards of 2007.
That means it isn't worth $10. Thats for sure. But it probably isn't worth zero either. What its value is, should be based on the supply and demand of INVESTORS willing to invest in the stock based on their own perceptions of its value.
Its value should probably NOT be based on the collusive activities of parties which spread false rumours, parties which have conflicts of interest as financier, corporate advisers, investment advisers, and principal traders, with the object of destroying the business so that they can filch the assets cheaply from its current owners - the Asciano shareholders.
There is a real problem now in this Country and probably others as well, conflicts of interest because there are so few banks, corporate advisors and professional experts still standing.
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