ABS a.b.c. learning centres limited

How on earth could such a small price movement ($3.80 to $3.75)...

  1. PortableAlpha
    3,045 Posts.
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    29/02/08
    14:07
    Post #: 3413259
    How on earth could such a small price movement ($3.80 to $3.75) the week before the result result in a magin call of some $7.5m worth of shares?

    - The director removed excess equity forcing the margin lender to sell
    - Margin lender revised the LVR ratios on the stock
    - ML became worried about amount of exposure to the stock

    Any thoughts?
    ABS Price at posting: 0.0¢ Sentiment: Buy Disclosure: Not Held
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    lightbulb Created with Sketch.  Great analysis
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