MEO 0.00% 0.0¢ meo australia limited

doesn't warrant trading halt, page-33

  1. 2,950 Posts.
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    On the 22/10/12 there was a leak from the rig by Blind Monkey which was uninformed and misleading which caused MEO to come out with an announcement which lacked detail. The share price plummeted by 25% and wiped $32 million from their market capitalisation within minutes on that day.9,452,300 shares where traded that day up from 956,208 the previous day.The next day 15,095,976 shares traded when the correct announcement was made by MEO clarifying the issue and the market cap even exceeded the the original market cap by another $8 million at one stage. So therefore MEO went from a market cap of $97 million on the low of.165c to a market cap of $175 million on the day of trading halt at.28c. So there Sandy thats why we dont need uninformed idiots like you and Blind Monkey putting their two bobs worth of nothing into this MEO forum
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