On 22/4/2009 (Wednesday) 16:39, I posted a message suggesting to a guy to close all his TIM positions "latest by the end of this week. TIM might stop trading any time soon." (see http://www.hotcopper.com.au/post_threadview.asp?fid=1&tid=878363&msgno=3971001#3971001)
Unfortunately, TIM just stopped trading the next day and that guy never had a chance to quit his holdings.
Some one might say that I might heard something from inside, but that was not true. I just got that feeling because TIM announced on 16/4/2009 that it had got a deadline on 1/5/2009 to pay $20.5m interest/principle.
Now, FEA also announced on 4/1/2010 that it had got a deadline on 19/2/2010 with its (undisclosed) financial covenants.
Well, my suggestion is still that if you have any FEA shares you'd better get rid all of them as soon as possible, because FEA probably would follow GTP/TIM's path any time soon.
FEA Price at posting:
6.6¢ Sentiment: Sell Disclosure: Not Held
