a AFR article on Tuesday mentioned that the final bid deadline was extended for 3 days. This would mean today was the final bid deadline.
Not only that, it also mentioned that AIO did not change the date themselves, it was requested through 2 interested parties...(due to easter shutdown). At a result, they have extended all bids until today.
The article also mentioned that the board will be meeting next week to determine which parties to take to the second round.
There are some fear on the market in the afternoon. there are 2 main factors:
(1) Some news was leaked and people started selling OR investors made good money and did not was to risk the ANN next week (if ANN happens) so they sold to keep profit
(2) SP started to dropped slightly and it triggered alot of auto. stop loss orders pushing the SP down further.
Remember ecsc, it was only the last couple of weeks, when SP started moving North fast...so I am not suprise if traders took their profit for now and see what happens next week.
For many investors, they waited so long for this, they would still hold it til ANN comes out.
Did you sell some or still hold all shares?
AIO Price at posting:
92.9¢ Sentiment: None Disclosure: Held
