Last time this exact scenario had happened, i had bought in at 33c, expecting some news.
at about 10:05 am the next day, MMB released a response to ASX query saying they were unaware of anything. There was a stampede of sellers. I sold at a big loss at 27.5c.
At about 10:45 am (yes thats 40 mins later) MMB released news of some major discovery. The shares quickly went to over 90c (yes you read right, they TRIPPLED).
I am still looking for lawyers willing to sue the company directors for blatant insider trading and ripping off investors. A class action had been suggested.
Meantime ASX investigation is a mystery, and nobody is even allowed to find out about the results of it.
Expect every bit of dishonesty from MMB directors, expect the repeat of my story. I wouldnt buy before the speeding ticket!
MMB Price at posting:
0.0¢ Sentiment: None Disclosure: Not Held