Given the rate of the fall and volumes traded, the ASX would...

Given the rate of the fall and volumes traded, the ASX would have been quickly on the phone to the company earlier today...

If there was any hint that the selling was for any reason other than the mortgagee selling, the ASX would have immediately placed them in a trading halt, pending the company's response.

The fact they weren't, suggests the ASX must have accepted their reasons for the fall...and because the current situation with the mortgagee is common knowledge, a trading halt was not required?

I cannot believe the ASX has not questioned GPE over the falls prior to today...let alone after today's blood bath.

Quite a bit to take in...and yes, the company does seem to be on shaky ground...but insolvency would still appear quite a way off, assuming of course, they can't raise any more funds.

When/if the mortgagee ever finishes selling, there might be a major run on the stock...if for no other reason than existing holders averging down.

Not investment grade by a long shot, but not exactly worthless either...well not yet anyway.

Cheers!