CNN cardia bioplastics limited

if legal action against it goes in favour of class action...

  1. 7,486 Posts.
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    if legal action against it goes in favour of class action litigators ???

    I assume the 25 mill CNN dumped coupla days ago into what looked like a bookbuild came from Opes / ANZ .......... IMAGINE if they had to go back into the market to rebuy and reinstate to them they sold out !

    Where would they find 25 mill shares in a hurry ... notfrom me praise Apollo haha?

    What a CLASSIC short squeeze possibility here (???)hahahaha

    ANZ might be in two minds as to whether they dump any more stock across the board and in fact might end up losing big bucks outa this fiasco based on legal outcomes.

    All above is pure speculation on my part but certainly warrants a decent thought ...... oh the fun and games coming up haha.

    Aint u all glad as to how well our ASX is regulated and how ordinary folk are so well protected ...... not !

    Lets see what pans out next ...... might have to buy some trading stock as well on sheer fun-spec now ........ all that 2c lot goes into the bottom drawer in wait for the the U-C-upleg due soon (I hope haha).

    IMBOOC
 
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