That announcement spells troubleCompany is running low on cash...

That announcement spells trouble

Company is running low on cash and now the major shareholder defaults on a security lending agreement over shares that make up their own substantial holding

Looks to me as though it was one last rush for the exit to take at least something off the table

Big question is what time did Genorah advise NKP of their predicament? Should NKP have been in a trading halt whilst millions of shares were being dumped on market? Why dump shares on market trashing the share price if there is a buyer out there who will take the lot as a block through a tender process?

I fear the music has stopped for the final time in this vicious game of pass the parcel

Cheers