Whether that is true I don't know. However, the sp started dropping when IIF went into trading halt. Those investors who do their homework would know that GMG has holdings in IIF. Some might be fearing a recap, others may fear the worst. Who knows. The extension to suspension did not help. This is all publicly available information. In fact, the sp actually recovered when GMG confirmed their exposure to IIF.
I see a bounce coming in the next few days for this one but DYOR.
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