Ann: Trading Halt, page-53

Little bit harsh wasn't that - They are still a 19% shareholder and have vendor financed the sale and probably the only party that could get rid of the previous management successfully. The top up is a bit of a joke under these circumstances. Probably , that's my only worry, if the news was great we would have had a finance notice by now , just before the end of the trading notice or maybe all in one.

I think many ERM shareholders have been thinking that they will have to writeoff their investment and the debt so the share may well be responding to a view that these are now recoverable.
I hold both shares