No one wants a stream of confirmation bias and takeover pump, but similarly creditor's don't generally tip businesses that owe them money into insolvency. Come on dude, you are better than that if you are helping misinformed retail shareholders as you often claim. The company was already sat on $25 million in cash at March end.
HAS is a very risky proposition, but equally its just raised captial ($16 million in proceeds) and probably either disbanded with the shortfall or has an off-market buyer for it; why it might have made a 30% rally in a few days. Surprised the ASX hasn't issued a speeding ticket on it. Someone knows something.
A risky investment it is. On the edge of an insolvency threat from Twiggy it is not. Wouldn't be at all surprised if a leaky ship and Twiggy or a related entity took up the shortfall or something. A small outlay to give extend life on an otherwise admittedly risky credit lend on his part. Its not unusual. Look at one of Qantas' biggest equity buyers in COVID when it was on its knees - its biggest creditor; JPM.
HAS Price at posting:
26.0¢ Sentiment: Buy Disclosure: Held
A personalised tool to help users track selected stocks. Delivering real-time notifications on price updates, announcements, and performance stats on each to help make informed investment decisions.
(20min delay)