IMO it was a combination
Large holder (fund) extited
Stops hit
Margin calls
Panic
The announcement was not negative IMO, but the deal is still not done. Without the final signature there will be doubt.
Everyone has experienced the OZL disaster, hence they have "trigger fingers"
I hope & expect this to recover the fall, & expect management to issue some update on Monday.
All the best to holders, I hope you see better days soon
cheers
any comments on announcements, page-46
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