Folks,
Remember that on 29th January, API announced that it had reached a standstill agreement with two margin lenders, preventing the sale of any further Allco or Allco HIT stock for margin calls.
It was announced that this agreement extended "beyond the release of Allco's full year results for 2008". According to the investor calendar on the Allco web site, this is 21st August 2008.
The margin lenders aren't going to want to make an agreement for this duration without someone or something guaranteeing they won't make a loss.
I appreciate the agreement was made a few weeks ago and a lot could have happened in this time but whoever was behind it must had felt confident the share price would recover to the point where margin calls were not going to happen.
Folks,Remember that on 29th January, API announced that it had...
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