I don't view this a positive at all. I read it that a debt default has occurred by Daiwa for a $44m facility and for which ADD shares & presumably many other shareholdings have been pledged. The new owners of these shares are not necessarily committed holders of ADD & could possibly dump them to realise some return on their debt sooner rather than later. If that happens, the share price will take a hit.
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daiwa and co announcement, page-6
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0.3¢ |
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Mkt cap ! $3.671M |
Open | High | Low | Value | Volume |
0.0¢ | 0.0¢ | 0.0¢ | $0 | 0 |
Buyers (Bids)
No. | Vol. | Price($) |
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55 | 52011136 | 0.2¢ |
Sellers (Offers)
Price($) | Vol. | No. |
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0.3¢ | 1413631 | 6 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
55 | 52011136 | 0.002 |
19 | 34365098 | 0.001 |
0 | 0 | 0.000 |
0 | 0 | 0.000 |
0 | 0 | 0.000 |
Price($) | Vol. | No. |
---|---|---|
0.003 | 1413631 | 6 |
0.004 | 25778861 | 13 |
0.005 | 2452560 | 6 |
0.006 | 2081816 | 2 |
0.007 | 10913820 | 7 |
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