Is it illegal to give a deliberaely wrong reason for a trading halt? Is it even necessary to disclose the reason? If, on Tuesday, they come out with a completed takeover deal and this halt had nothing to do with the banks, what are the repercussions? And if directors bought last week when discussions were happening, what are the repercussions of that?
Maybe this really is about the bank funding after all.
OZL Price at posting:
55.0¢ Sentiment: Buy Disclosure: Held