AB1 0.00% 18.0¢ abarta resources limited

Ann: Trading Halt, page-34

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  1. 1,477 Posts.
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    7 December 2018Trading Halt for iClick $12 million contract

    "The trading halt is necessary to assist the Company in managing its continuous disclosureobligations as the Company expects to make a material announcement to the market inrelation to a proposed strategic partnership and potential capital raising."

    Today Trading Halt

    "The Company is seeking the trading halt pending an announcement in relation to a proposedmajor partnership."

    If we are to go off previous language used in trading halts, it's most likely not going to be a capital raising otherwise they would of stated it in the trading halt release. Also last time, the language was very moderate for such a large material deal for a company size of AB1. I mean, they described a $12 million contract as 'strategic partnership'. What could 'major partnership' possibly entail?
 
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Currently unlisted public company.

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