Depends on if you are a glass half full or glass half empty sort of personality.
Glass half empty: Company basically close to a writeoff. 100% loss. Even if it’s not game over, it’s close to 100% loss anyway, so why keep the stock?
Glass half full: The chances of both business survival and takeover is still there. If it gets through the business restructure and resumes trading, there is only 200k AUD supply left for an ASX medical equipment with 1000m market cap expectations just 5 years ago. Good opportunity to grab what you can or double down whatever is left and leave it locked in your portfolio for a few years. Ride out the interest rate rise and current negative economic outlook.
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