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0.2¢ new zealand coastal seafoods limited

Ann: Trading Halt, page-158

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bazarrudin

527 Posts.

35

08/08/20

13:45

Post #: 46397500
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Originally posted by fareki: ↑

This. You also need to take Executive Aldo Miccio as an example. His holding of 50M shares has rallied from $1.25M to $1.9M over the past week.

Why would he want to stop this surge in the stock price by halting the market for two market days for a small deal?

From a question general management would ask, is providing a halt maximizing shareholder value? They didnt halt for a $400K contract signing process, although they did for the $4.4M contract signing process. I doubt management are halting this for mere fun, while their company experiences the biggest surge it has ever experienced, thats one way to shoot themselves in the foot, shoot shareholders in the foot, and destroy potential value that keeping those market days open could have entailed.

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What ae probabilities of an announce on Monday instead of Tuesday?

NZS Price at posting: 3.8¢ Sentiment: Buy Disclosure: Held
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