ASX won't lift the suspension until either the loans are all paid, or Oliver's can prove beyond any doubt that they can trade through the debt - at which point, the stock value will go up and investors might recoup some of their losses.
The loans are pretty average market rates (PURE's rates were higher) - Gregg and Gelba could have invested $12M at a higher rate and lower risk. If Oliver's doesn't turn around, there will be nothing to repay the loans with (maybe a few loose assets), so Gregg and Gelba will lose their entire investment.
And what on earth does "They trade and pump and then CR at big discounts and sold back to Mum and dad investors" mean?
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Mkt cap ! $7.933M |
Open | High | Low | Value | Volume |
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Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
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Price($) | Vol. | No. |
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2.1¢ | 199988 | 2 |
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No. | Vol. | Price($) |
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1 | 400000 | 0.016 |
6 | 1999466 | 0.015 |
2 | 235715 | 0.014 |
1 | 65454 | 0.011 |
Price($) | Vol. | No. |
---|---|---|
0.021 | 199988 | 2 |
0.023 | 255456 | 2 |
0.024 | 270882 | 2 |
0.025 | 470199 | 2 |
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