It is possible, given the market action on Friday and Monday, that 3DP was prematurely forced to announce a trading halt to mitigate an uninformed trading market. The pre-halt trading pattern is certainly suggestive of a 'positive' leak which can happen in bigger type deals involving more than one party. Hopefully, 3DP was just not ready and the deal paperwork is still happening. It is, however, really bad form to not keep the ASX advised all the way through a trading halt. It should have been 3DP to request a suspension if they knew they could not make the 48hrs. So for the ASX to call it.....not good.
I feel that any deal (if one still exists) should also be tied in with a CR or immediate up-fronts given the Coy's rather desperate need for at least $4m ($2.5m for creditors and $1.5m extra runway to CF+).
Cheers
It is possible, given the market action on Friday and Monday,...
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Last
3.0¢ |
Change
-0.001(1.64%) |
Mkt cap ! $24.15M | |||
| Open | High | Low | Value | Volume |
| 3.0¢ | 3.0¢ | 3.0¢ | $1.249K | 41.63K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 14 | 1930941 | 3.0¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 3.1¢ | 125000 | 1 |
View Market Depth
| Last trade - 11.01am 20/06/2024 (20 minute delay) ? |
| 3DP (ASX) Chart |