Isn't the saying that market is driven by greed and fear. I guess the fear is on the table now. It could be a debacle on Monday, if ANZ starts to dump Millions of shares onto the market + the many many retail investors.
It also depends on how many of the ADY shares have been lent out by Opus Prime, these shorts might have to be covered aswell = expect chaos.
Could imagine a Trading Halt on Monday because clearly the market has to be informed about AB's involvement in this whole thing. I also suspect that this has been brewed for quite some time, just have a look at the trend even though ADY made progress. Also, which parties have been involved in these "irregularities" What a Mess!
phillip thomas explains all, page-97
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Change
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Mkt cap ! $16.29M | |||
| Open | High | Low | Value | Volume |
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Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 1 | 10000 | 1.1¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 0.9¢ | 20000 | 1 |
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