As one who doubled up on AZZG notes on the basis of the 7th September 2015 announcement and my estimation that the conversion options would therefore be in the money, I'd be interested to know from the ASIC investigation if any parties related to the directors or other insiders were selling between the initial announcement and the trading halt. If it was proven to be the case would it be possible for the ASX to reverse these trades?
AZZ Price at posting:
$7.50 Sentiment: None Disclosure: Not Held