ABS a.b.c. learning centres limited

eddie groves rumoured to be on margin, page-19

  1. 2,499 Posts.
    "lol. Eddie has had his shares since day dot. I wonder why someone would be peddling misinformation - do you want to get in at a lower price? "

    I remember Eddie Groves buying heaps of shares on market - now might be wrong since I'm going from memory, but I think he bought millions of dollars worth of ABC shares at over $5 a piece. The most obvious way he would have funded those purchases, as well as previous on market purchases was with his existing holding as security. The margin lender will be surely feeling it with the shares at $2.
 
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