The firm does not have the money to do a share buy-back. I dont think any bank would lend them money in the current scenario, in fact if they were to write-off their intangibles then that would wipe-off the entire equity.This is now getting serious and most likely there will be a significant SP fall when this next comes out of trading halt.
No auditor would hold a press conference - Not worth the risk.
Ann: Trading Halt, page-22
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$12.74 |
Change
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Mkt cap ! $1.864B | |||
| Open | High | Low | Value | Volume |
| $12.90 | $12.90 | $12.65 | $7.790M | 611.2K |
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| No. | Vol. | Price($) |
|---|---|---|
| 1 | 1887 | $12.70 |
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| Price($) | Vol. | No. |
|---|---|---|
| $12.75 | 2723 | 2 |
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