Sidhu I am not sure that is correct.
The document you posted refers to available insurance from a broker but does not refer to Farm Pride having it in place.
The announcement to the market makes no mention of insurance for this event and refers very clearly to "material impact" estimating net revenue impacted by up to $23M.
News: FRM Farm Pride Foods Seeks Trading Halt, page-8
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11.0¢ |
Change
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Mkt cap ! $18.08M | |||
| Open | High | Low | Value | Volume |
| 13.0¢ | 13.5¢ | 11.0¢ | $9.063K | 69K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 2 | 14993 | 11.0¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 13.5¢ | 7680 | 1 |
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