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A listed company cannot extend a trading halt simply to avoid a...

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Benny^18

981 Posts.

329

04/11/20

12:55

Post #: 48635014
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Originally posted by Rookie19901: ↑

The board are a lot smarter than you are, they're a hell of a lot smarter than me too, just remember that
A trading halt during an 2000 point economic crash in Europe, a 500 point crash in the ftse, a 300 point crash in the asx200, all during the most volatile week leading to the US election where money floods out of small cap holdings? Sounds like a brilliant idea to me.

The legal implications of the SPA are also a lot more complex than 'business as usual'. The SPA is the reason I invested into BUD on May 5th, and the fact that CTN are disputing the non-use of the facility is far from surprising given the facility was for 40% of the market cap at the time. There is no rush for shareholders, the longer the halt the better!

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A listed company cannot extend a trading halt simply to avoid a volatile market.

BUD Price at posting: 5.9¢ Sentiment: Hold Disclosure: Held
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