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Agree that the stock should have been suspended until the vote....

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Indytrader1988

6,091 Posts.

913

19/08/22

19:33

Post #: 63219838
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Originally posted by avinvest: ↑

Now you are saying your broker acted emotionally?
Did they not have to act in terms of risk management and capital preservation? It was that stupid announcement that made/forced your broker to do this.
Anyway, in response to your trust comment. That trust in the BOD eroded over time. Started with the law case, followed by the LNU disaster and so on. The announcement was just the final straw. Should have seen it months, if not years ago but when you are down by so much, hope sometimes gets the better of you. Wish I had listened to the lemon guy….
Problem with the vote is that a) I don’t think the SP will go up if it is a no vote, b) 2nd strike will have negative impact on SP either way and c) something tells me they have the numbers for delisting already (see FIL action over recent months). Hence my comment that I am surprised this is still trading. Could be all wrong which makes the case for suspension until the meeting even more valid. Could happen on Monday or any day before the meeting. No?

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Agree that the stock should have been suspended until the vote. Then once the vote took place either restart trading if its a no vote or give those who want out to sell.
I dont think they will suspend it now and especially with 4E a week away.

LVT Price at posting: 5.1¢ Sentiment: Buy Disclosure: Held
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