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Are investors bored of ATU or something?, page-101

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xanda25

2,062 Posts.

18/06/15

17:13

Post #: 15491707
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Originally posted by Tarzan183 ↑

The judgement grants a suppression to the plaintiffs, meaning that the company cannot make public the disclosures given to it by the plaintiffs. The interpretation here is that the company WANTS to provide information to the market but cannot do so yet, due to this order. One has to assume that the motivation for the plaintiffs to lodge this claim is to avoid their financial situation becoming public knowledge before they have been able to renegotiate their loan terms. This is sensible on their part and has nothing to do with the business itself.

I don't see anything worrying here. If anything it is pleasing - the delay is not anything to do with the company, but rather the result of a suppression order that will likely be lifted fairly soon, once RM and GD have resolved their issues. It's unfortunate that some shareholders have lost their liquidity, but if it's liquidity that you want then a stock that trades $100,000 per day is probably not the place to be in the first place.

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It may be a blessing in disguise that we have not traded during tax loss selling period .

ATU Price at posting: $1.19 Sentiment: Buy Disclosure: Held
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